Monday, 18 June, 2018

Disney shares rise as mixed earnings results, future plans, impress

Disney Earnings: Fox Acquisition, 'Star Wars' Fatigue Fears May Overshadow ESPN Subscribers Disney Beats Earnings Expectations, Falls Short on Revenue
Judith Alexander | 08 February, 2018, 00:25

There's a lot to look forward to for Disney moving forward as the company said it was launching a stand-alone streaming service in 2019, while also removing its movies from other streaming services. Reports from the previous year indicate significant losses to ESPN's subscription numbers, which is a huge blow despite the continuing strength of the demand for the network. Without that benefit, segment operating income was up 1% and earnings per share rose 22%. The service will integrate with a new ESPN app, and will offer access to live sports events that aren't broadcast on ESPN channels-10,000 global, national, and regional tennis, boxing, rugby, cricket, and college games per year. Wall Street analysts were anticipating $15.45 billion in revenue, according to Thomson Reuters. If, like me, you have no clue what that means, Iger elaborated a bit during an interview with CNBC.

Disney's direct-to-consumer sports streaming service, ESPN Plus, is due to launch in the United States this spring along with a revamped ESPN app, according to Disney CEO Bob Iger.

Hulu, of which Disney owns 30 percent, brought in revenue of $50 million in the quarter, less than half the year-earlier level of $119 million. Shares in Disney (DIS) closed Tuesday up $1.47, or more than 1 percent, to $106.17 on the New York Stock Exchange.

More news: Myanmar: Spider with Scorpion-Like Tail Found by Scientists
More news: Pope Francis Receives Turkish President At The Vatican
More news: Du Plessis ruled out

Revenue at Disney's biggest business, media networks, was flat at $6.2bn because of falling income from advertising and programme sales at its ABC network. "It's more likely than not that you won't see new co-finance deals but we will respect and honor the deals they have in place". "Users will also enjoy an increasingly personalised experience as the app blends explicit choices with implicit behaviour to curate a unique mix of specific, relevant content tailored to the taste of each individual user".

For its first fiscal quarter, which ended on December 30, Disney had net income of $4.42 billion, or $2.91 a share, compared with $2.48 billion, or $1.55 a share, a year earlier. However, ESPN's viewership grew 13% y-o-y in the evening time period across both TV and streaming in this quarter.

The app will provide "countless scores and highlights", as well as access to live streams of ESPN networks for people who subscribe to multichannel pay-TV packages. Disney is counting on Star Wars popularity for box office hits, including the stand-alone Han Solo film this spring, as well as existing and original content for the OTT streaming channel.

Recommended

  • The Dodge Ram Embodies MLK's Legacy, Says MLK's Estate

    The Dodge Ram Embodies MLK's Legacy, Says MLK's Estate

    User Justin Newman posted: "Well done, and a great commercial ", to which a Ram Trucks representative replied: "Thanks, Justin". In order to make your neighbors envious, you must drive this type of auto .
    Government ally TDP protests in Lok Sabha

    Government ally TDP protests in Lok Sabha

    The same is being repeated regarding Chandrababu Naidu. "The Shiv Sena will fight alone and win", he said. He said that the BJP betrayed the people of AP by going back on the promise of granting special status.
    Government research shows link between cell phone radiation and tumors in rats

    Government research shows link between cell phone radiation and tumors in rats

    However, the early data illustrates exactly why there's no firm proclamation on the safety of cellphones . But on Friday, two government studies suggest that if indeed there is any risk, it would be small.
  • The Coca-Cola Company (KO) year to date performance remained at 1.85%

    Currently, the stock carries a price to earnings ratio of 6.54, a price to book ratio of 3.03, and a price to sales ratio of 5.55. Essentially, fundamental study involves viewing the health of a particular company by studying company financials. (NYSE:GNW).
    How to turn off iPhone throttling in iOS 11.3

    How to turn off iPhone throttling in iOS 11.3

    Earlier today, Apple issued a response to inquisitions from Senator John Thune regarding its iPhone battery debacle. When users disable power management on their iPhone , it will turn off any throttling to the device's performance.
    Netherlands name Ronald Koeman as new manager

    Netherlands name Ronald Koeman as new manager

    A legend with the Netherlands national team, Koeman was capped 78 times as a player and won the European Championship in 1988. The Dutch will then face world champions Germany and France in the new UEFA Nations League in September and October.
  • Another Government Shutdown Over DACA

    Another Government Shutdown Over DACA "Unlikely", Says Senator Sherrod Brown

    Negotiators are scrambling to strike a deal as the clock ticks toward the Thursday night deadline to keep the government funded. Senate Democrats really want to avoid another government shutdown , making them likely supporters of another stopgap bill .
    Face of Ancient

    Face of Ancient "Cheddar Man" Reveals Pigmentation Surprise

    The Natural History Museum researchers extracted the DNA from part of the skull of Cheddar Man near the ear known as the petrous. Many dismissing the scientists claims as left-wing "propaganda" and asked "does this mean nobody can be accused of racism now".
    California Senator Dianne Feinstein Says Trump's Nuclear Posture Review is Deeply Troubling

    California Senator Dianne Feinstein Says Trump's Nuclear Posture Review is Deeply Troubling

    Russia's X-50 air launched cruise missile might fit into the Siu-57's weapons bays, Kashin said. For the first time since 1945, America is considering the use of first-strike nuclear weapons.
  • PSG captain Thiago Silva: Messi tougher to defend than Ronaldo

    PSG captain Thiago Silva: Messi tougher to defend than Ronaldo

    He could still win the next Ballon d'Or. "It is going to be hard with PSG on top form at the moment", the ex-player told Marca . In fact, he's only lagging behind Messi's total of club goals , having scored 268 to Messi's 313.
    Ship Captain: Robert Wagner Drank Whiskey Instead Of Looking For Natalie Wood

    Ship Captain: Robert Wagner Drank Whiskey Instead Of Looking For Natalie Wood

    Officials have also confirmed that the actress' drowning is being treated as "suspicious" after new witnesses came forward . It was declared an accident but police reopened the case in 2011 to see whether Wagner or anyone else played a role.
    Theresa May risks her post because of Brexit talks

    Theresa May risks her post because of Brexit talks

    The Prime Minister is said to be floating the idea of a time-limited extension on key parts of the existing customs arrangements. Mrs May has made clear she will resist European Union proposals for these people to be entitled to settle permanently in the UK.

EU regulators say they'll probe Apple's acquisition of Shazam EU regulators say they'll probe Apple's acquisition of Shazam Austria submitted then a referral request to the Commission pursuant to Article 22 (1) of the EU Merger Regulation. It did not disclose the price-tag for the deal but sources suggest it's paying in the region of $ 400 million .

Tammy Abraham ends 14-game goal drought as Swansea thrash Notts County Tammy Abraham ends 14-game goal drought as Swansea thrash Notts County Notts County suffered two home defeats against Exeter and Crawley, before their impressive performance in the original tie versus Swansea.

Indian military on 'high alert' over crisis in Maldives Indian military on 'high alert' over crisis in Maldives Yameen's opponents say his government has been too focused on consolidating power to deal with the threat of radicalisation. It also demanded that the 12 legislators, who were fired for abandoning Yameen's party, be reinstated.

Rahul Dravid expresses concern regarding U-19 staff cash reward Rahul Dravid expresses concern regarding U-19 staff cash reward A couple of the guys don't like batting too much in the lead-up to the game; they prefer knocking or hitting a few balls. Dravid said the most satisfying part of the World Cup triumph was the process the team followed to reach the top.

OU astrophysicists discover planets in extragalactic galaxies using microlensing OU astrophysicists discover planets in extragalactic galaxies using microlensing A team of astrophysicists has announced the detection of several hundred planets in another galaxy , out of the Milky Way . Sometimes they even identify distant planets through direct imaging, actually resolving the planet from its host star.

Researchers find thousands of Maya structures in Guatemala Researchers find thousands of Maya structures in Guatemala They surveyed more than 772 square miles of the Guatemalan jungle by plane with PACUNAM LiDAR (Light Detection and Ranging). Findings on the Maya agriculture has stunned researchers as the civilization produced food "on an nearly industrial scale".

Amid Deepening Crisis, US Urges Maldives To Respect Democracy Amid Deepening Crisis, US Urges Maldives To Respect Democracy But the nation lost much of its democratic gains after Mr Yameen, who has maintained a tight grip on power, was elected in 2013. Amid massive protests, Maldivian President Abdulla Yameen Gayoom declared a state of emergency for a period of 15 days.

J&K: 4 soldiers including a Captain killed in Pak shelling J&K: 4 soldiers including a Captain killed in Pak shelling The shelling from across the border which started this morning and was continuing intermittently, a police official said earlier. Highlighting the seriousness of the situation, officials said 860 ceasefire violations were recorded for the entire a year ago .

Supreme Court of Maldives revokes order to free nine political prisoners Supreme Court of Maldives revokes order to free nine political prisoners India, the United States and Britain have urged Yameen to honour the rule of law and free the detainees. Chinese Foreign Ministry spokesman Geng Shuang said it was an internal matter for the Maldives.

Two Kenya TV stations resume broadcasting after days shut by government Two Kenya TV stations resume broadcasting after days shut by government Also on Monday, police teargassed demonstrators demanding the stations reopen as they tried to march on government offices. He was released on a $500 bail but has remained in police custody with his whereabouts unknown.

Snap Inc (SNAP) Earnings Snap Inc (SNAP) Earnings When Snap first went public in March, 2017, shares sold for $24.48 a share, but they've declined steadily since. That would also put Snap's yearly sales at $793 million, nearly double the $404 million it brought in in 2016.

Here's Every New PS4 5.50 Update Feature Explained Here's Every New PS4 5.50 Update Feature Explained This allows you to check out how many hours your child is playing games, and you can limit the amount of time that are playing. Meanwhile, updates to the Quick Menu promise to help you more quickly access specific friends and control your music.

Best Buy to stop selling CDs this summer Best Buy to stop selling CDs this summer The deadline for that ultimatum would be either April 1 or May 1 for music suppliers, according to Billboard's sources. Most recently, Target moved half a million of Taylor Swift's Reputation , showing it can still push large titles.

Who should replace Patriots OC Josh McDaniels? Who should replace Patriots OC Josh McDaniels? ESPN's Adam Schefter reports Patriots WRs coach Chad O'Shea is "in play" to replace Josh McDaniels as offensive coordinator. The Colts are looking to rebound from an terrible 3-13 record, as 2017 was their first losing season in six years.

Turkey will give Manbij to its rightful owners: Erdogan Turkey will give Manbij to its rightful owners: Erdogan Until now, the Turkish military has announced it has lost 9 soldiers, but the Kurdish side claims the actual number to be much higher .