Disney said it earned an adjusted $1.89 a share, compared to the $1.61 that Wall Street expected for the quarter ending.
The owner of the Mickey Mouse and Star Wars reported revenue up 4% to $15.3bn, driven by a 13% rise at parks and resorts to $5.1bn.
Facing lower ad revenue and lagging membership, ESPN will launch in the coming months a paying streaming service, Disney CEO Bob Iger said Tuesday.
The company's net income increase was partly due to a US$1.6 billion one-time tax benefit associated with new USA federal income tax legislation.
Plus will give subscribers access to thousands of more games and more leagues, including Major League Baseball, the National Hockey League, Major League Soccer, college sports, grand slam tennis, rugby, cricket and boxing.
Frasier Actor John Mahoney Has Died At The Age Of 77…
The star of the hit television sit-com Frasier , John Mahoney , has died aged 77, according to his publicist. Born in Blackpool, England, he came to the USA aged 19 after his sister who was living in IL sponsored him.
Scores, highlights, shows like Pardon the Interruption, and ESPN films - including the acclaimed 30 for 30 documentaries - will also be available on the service.
With traditional cable TV subscriptions in decline, Iger boasted that ESPN Plus will let sports fans access the network's content any way they want. ESPN's advertising revenue declined 11% y-o-y in the first quarter, as higher rates were more than offset by a decrease in impressions.
Looking at Disney's Consumer Products and Interactive Media segment, revenue decreased by 2% to US$1.5 billion, while operating income fell by 4% to US$617 million. Iger is also enthused about the next Marvel movie, Black Panther, which has been getting strong word of mouth and praise from critics.
Both streaming direct-to-consumer products will be powered by BAMTech. Prior to Disney's Q1 earnings report, the company announced that Game of Thrones execs David Benioff and D.B. Weiss have been tapped to write and produce a new series of Star Wars films. Disney's Iger elaborated further on the app during his interview with CNBC. 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.
During the earnings call, Iger said that Disney is now developing "a few" Star Wars series for the new app, and is close to unveiling one of the projects soon.
MDC's Gutu said there were no divisions within the party and accused the ruling-Zanu PF of spreading the rumours. The MDC leader is receiving treatment for colon cancer at the Wits Donald Gordon Medical Centre in Johannesburg.
They are expected to wear the jersey for the first time when they face Poland in a pre-World Cup friendly on March 23. Four days later, they will also wear the new kits for another World Cup warm-up game against Serbia in London.
England face Australia in the first match of the T20 tri-series on Wednesday 7 February with the action starting at 8.40am. That proved the trigger for England to slump badly, as Australia took 6-43 and threatened to skittle the tourists.
And finally, PlayStation Now background music should work in the same way as other games played locally from the console . We're adding a function that will allow you to hide certain applications under the "Purchased" tab in the Library.
Killmonger goes head-to-head with T'Challa in a way that makes it hard to pigeonhole him as a typical "villain". The issue is brought to the fore by an unknown Wakandan exile, Erik "Killmonger" Stevens ( Michael B.
Tottenham Hotspur welcome Newport County to Wembley on Wednesday night for their fourth-round FA Cup replay. Of course, he wants to score goals and win titles but I can not say anything more about this.
Woodland started the day three shots behind Fowler and raced up the leaderboard with five birdies on the front nine. After kicking off with 66-66-68, the California native began T2, one back of 54-hole leader Rickie Fowler .
A sudden spurt in HIV cases in and around Bangarmau recognized in December a year ago cautioned state specialists. The doctor has been identified as Rajendra Kumar, also known as Rajendra Yadav to the locals.
Stats: Virat Kohli's 34th ODI century breaks more records
After registering his first-ever ODI ton on South African soil in the opening game, Kohli went one step further in Cape Town . Kohli and other batsmen have followed the lead of bowlers and this third ODI could prove to be the most decisive match.
Texas officer, civilian shot, standoff ensues
He was taken to Medical city Plano but his name was not released while Richardson police worked to notify family and loved ones. She said police were calling out to the suspect to let them help, and then she heard another shot.
Tesla losses spike as it fights to ramp up Model 3
Musk said in July a year ago that Tesla would probably be making 20,000 Model 3s per month by December 2017. The automaker is struggling to meet production targets for its first mass-market auto , the Model 3 sedan.
Text From 2016 Shows Obama's Interest in FBI Employees' Work
Strzok and Page were both heavily involved in the email investigation as well as the Russian Federation collusion investigation. In the final text between the two officials, Fox News reported, Page told Strzok: " Please don't ever text me again ".
Veteran Stage and Screen Actor John Mahoney Dies at 77
He was born Charles Mahoney in Blackpool, the seventh of eight children, to Reg, a baker, and Margaret (nee Watson). He played major roles in a lot of animated movies such as Antz , The Iron Giant , and Kronk's New Groove .