Sunday, 20 May, 2018

ESPN Plus streaming service will launch this spring for $4.99 per mo

Disney Earnings: Fox Acquisition, 'Star Wars' Fatigue Fears May Overshadow ESPN Subscribers Disney Beats Earnings Expectations, Falls Short on Revenue
Ella Tate | 09 February, 2018, 08:25

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. In November, we learnt that we could expect to see the Disney service arrive toward the end of 2019, while the ESPN one is set to debut this spring.

Net income soared 78% to $4.4 billion - largely as a result of the one-time benefit from the new federal tax laws.

ESPN Plus will feature "thousands" of live events that aren't available on ESPN's linear networks from the Major League Baseball, the MLS, the NHL, college sports, Grand Slam tennis, boxing, golf, rugby, and cricket. Iger said the app will be an overhaul of the current ESPN app and that "the experience is being completely redone".

ESPN is hoping to stem its losses from dropping membership in recent months by directly competing against the old model of pay television channel bundles. "And we're not only excited about it, but, if anything, points to what the future of ESPN looks like, it'll be this app and the experience that it provides". The announcement comes after another disappointing quarter for ESPN, with decreased ad revenue and higher programming costs compared to the prior year. Iger is also enthused about the next Marvel movie, Black Panther, which has been getting strong word of mouth and praise from critics.

NZ ahead of the pack in funding revolutionary HIV-prevention drug PrEP
While denying coverage of PrEP is not illegal, Smith said Publix's old policy left it vulnerable to privacy lawsuits. Publix also said in the meeting they also were waiting on a formal recommendation from the U.S.

Disney is seeking to transform itself into a digital entertainment giant to rival subscription services such as Netflix that let viewers watch films and TV shows online. Beyond existing IP, Disney announced on Tuesday that Game of Thrones creators David Benioff and D.B. Weiss will write and produce a new series of Star Wars films.

Yesterday, Disney announced its quarterly earnings results and there was also some interesting information that CEO Bob Iger told CNBC.

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.

"Our ultimate intention is to create and to ultimately grow a global, direct-to-consumer business that will take advantage of the production output that the combined companies will have", Iger said.

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