'Star Wars: The Last Jedi' Helps Offset Other Disney Q1 Declines

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The CEO announced today that Disney is working on "a few" Star Wars series that will remain exclusive to the streaming service. If you want to crunch some numbers yourself, here is Disney's press release.

The second major feature of the app is live streaming of the regular ESPN networks, such as ESPN and ESPN2. "Powered by BAMTech's proprietary technology, the service will offer a greatly expanded array of programmes and live events for sports fans who want even more content, as well as for fans interested in sports and events not now featured on the main channels", he noted. Disney's Iger elaborated further on the app during his interview with CNBC.

Although the ABC Network also witnessed declines in advertising revenues, Disney executives say quarter-to-date, prime-time scatter pricing at ABC is pacing 30% above upfront levels. To counter the shift to online viewing, Disney will launch a streaming service for sports fans in the spring called ESPN Plus to reach digital audiences, followed by a family entertainment offering in 2019.a.

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The film studio saw a 1 percent drop in revenue and 2 percent fall in operating income, with part of the promel being lower home-entertainment unit sales of Cars 3 in the just-ended quarter compared with Finding Dory a year earlier. Revenue totaled $15.35 billion, a 4 percent increase. The analyst believes it was "somewhat expected", so he remains unfazed that Studio revenue of $2.50 billion and Consumer/Interactive of $1.45 billion came up a bit short of consensus expectations.

The over-the-top service will feature popular U.S. sports such as Major League Baseball, NHL, and Major League Soccer, as well as events not now featured on the main ESPN channels like rugby and cricket. Notably, this confirms that ESPN Plus will not provide live access to ESPN's main channels like ESPN and ESPN2 - you'll still need a cable subscription to authenticate and watch.

It announced late past year that it would buy most of 21st Century Fox for $54 billion, a deal that gives it another movie studio, regional sports networks and some cable channels. It will enhance our direct-to-consumer initiatives with platforms, technologies, brands and existing customer relationships to build on.

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