Disney shares closed higher in the US Tuesday, with after-hours activity also placing the stock in the green, Wednesday, as the media company posted upbeat - if mixed - results.
Disney confirmed that its new streaming service will be called ESPN Plus and that it will launch in spring 2018 through a redesigned version of the ESPN app.
ESPN Plus: How will you access it?
For that, ESPN+ customers will get thousands of live events annually, including pro baseball, hockey and soccer, as well as tennis, boxing, golf and college sports not available on ESPN's traditional TV networks. 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.
All of the high-profile content ESPN pays billions of dollars a year to show - stuff like National Basketball Association games, NLF games, top-tier college football - none of that will be on ESPN's new service.
During today's earnings call, Iger offered some more details about the ESPN streaming service. The sports network has seen a decline in viewership over the past couples years due to the other cheaper digital services & outlets out there like Netflix, Youtube, etc. Investors have been concerned about the decline in revenue & ad sales and are looking for ways to fix it. But Disney said it nonetheless had a "solid" quarter due to Thor: Ragnorak, Coco, and Star Wars:The Last Jedi, even though the latter film fell short of box office expectations.
As for Disney's overall Q1, the mixed earnings were partly attributed to weaker results across the company's cable television, studio entertainment and consumer products divisions.
The news came in addition to the big announcement that Game of Thrones showrunners David Benioff and D.B. Weiss are set to take on new Star Wars films. At the time, Disney said it wanted to launch a dedicated over-the-top ESPN service. The apps will also be an opportunity for Disney to exploit all of the Fox content Disney acquires once its $52.4 billion purchase of Fox makes its way through the federal regulatory process. It has agreed to pay $52bn to buy film, TV and global assets from Rupert Murdoch's Twenty-First Century Fox.
Iger didn't mention a specific budget but did suggest that his company would spend less than the $8 billion that Netflix plans to invest in 2018.
"Our upcoming Disney DTC service will also combine the full range of BAMTech's capabilities with some of the world's most popular IP to deliver a compelling consumer experience when it launches in late 2019", he suggested.
Currency markets were steady, with the euro down 0.2 per cent at $1.2349 and the dollar 0.2 per cent lower at 109.36 yen. The slump began Friday as investors anxious that higher inflation and interest rates could derail a long-running rally.
When he re-entered the game with 10:10 remaining in the fourth quarter, the Magic ran off 14 straight points to lead 108-92. Cleveland coach Tyronn Lue (illness) was helped to the locker room with 8:02 left in the second quarter and didn't return.
Congress-free India is not Modi's idea, it is Gandhi's idea. "It is time that people of the country know that NPA was your curse". He bellowed "Congress misused Article 356 over 90 times to uproot states' democratically-elected governments".
Their engagement made waves past year as Princess Mako will lose her title when she marries Komuro, who is a commoner. She said Akihito and his wife, Empress Michiko, expressed respect for their decision when she reported it to them.
Apple sold 77.3 million iPhones in the December quarter , down from 78.2 million units shipped in the same quarter a year ago. As Apple Inc.'s investment bank, Goldman Sachs Group Inc. has raised tens of billions of dollars for the technology company.
Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.12% of its portfolio in General Motors Company (NYSE:GM) for 332,369 shares. The business had revenue of $34.48 billion during the quarter, compared to analysts' expectations of $34.28 billion.
White House press secretary Sarah Sanders said Tuesday the President was "clearly joking" when he made the comment. Others have reminded us that in Stalin's Soviet Union, refraining from applauding was in fact treasonous .
The people spoke on condition of anonymity because they were not authorized to speak on the record about details of the interview. But he reportedly gave very few answers, even after the committee issued him a subpoena on the spot to compel him to talk.
The four-star recruit was choosing between the Gators, Alabama and Tennessee, and made a decision to go with Florida . National Signing Day is traditionally a joyous occassion for high school football players across the nation.
Meanwhile, a spokesperson for Baio tells ET that the actor is glad Eggert has gone to the police with her allegations. Eggert explained her allegations - that Baio molested her when she was 14, 15, and 16 during taping of their TV show.
Moreover, Diversified Invest Strategies Ltd has 0.36% invested in Bank of America Corporation (NYSE:BAC) for 14,828 shares. Americafirst Capital Management Limited Liability holds 0.45% in Marathon Petroleum Corporation (NYSE:MPC) or 5,928 shares.
Lawyers say the hourly wage of its female store staff proved less than their male counterparts, despite engaging in similar work. Tesco is Britain's biggest retailer and its largest private sector employer with a staff of over 310,000.
Meanwhile, monthly active usage rates doubled during 2017, and the volume of OneDrive for Business storage more than tripled. And OneDrive integrates with other Microsoft apps like the team portal SharePoint, so files stay in sync across the suite.
Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. After a recent market scan, we can see that Nex Group Plc (NXG.L) shares have moved 4.74% higher over the past month.
After an official welcoming ceremony, Erdogan met with Vatican State Secretary Cardinal Pietro Parolin in a closed-door session. Erdoğan gave the pontiff an illustration of a panorama of Istanbul, and volumes of the poetry of Rumi, a Persian mystic.
State Board of Administration of Florida Retirement System increased its holdings in NVIDIA by 1.2% in the third quarter . Analysts await NVIDIA Corporation (NASDAQ: NVDA ) to report earnings on Feb, 08 for the fiscal quarter ending Jan 2018.
Dontnod Presents Vampyr - Episode IV: Stories from the Dark reveals yet more exclusive gameplay footage, plus the release date. Focus Home Interactive and Dontnod are hoping that players will want to sink their teeth into Vampyr this Spring.
MSFT now trades at a forward P/E of 25.00, a P/B of 8.17, and a P/S of 7.79 while TRVG trades at a P/B of 2.05, and a P/S of 2.15. The software giant reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.09.
To be eligible for PrEP , people will have to undergo regular testing for both HIV and other sexually transmitted infections. The employee was in Georgia, but word spread quickly to Polk County, where Publix is headquartered.
The firm earned "Buy" rating on Wednesday, December 20 by BTIG Research. ( NASDAQ:CAVM ), 10 have Buy rating, 1 Sell and 13 Hold. Franklin Res Incorporated, a California-based fund reported 476,123 shares. 92,300 are held by Employees Retirement Of Texas.
Jerzy Czerwinski, a senator with the ruling party, said on state radio Monday that he saw a "hidden agenda" in the opposition. The Holocaust law should be seen as part of a broader anti-EU narrative by the Polish government, Jan T.
She does, though, believe that all it takes to be healthy is positive thinking, rather than, say, a flu shot. Kenneth Copeland Ministries operates out of their church compound in Newark, near Eagle Mountain Lake.