Endgame 'Disney Plus Streaming – Deadline

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Disney is continuing to deliver the goods, reporting second-quarter financials substantially better than Wall Street analysts' forecasts.

Earnings per share came in at $ 1.61, four cents better than the consensus, while total revenue of $ 14.92 billion was nearly $ 400 million ahead of the Street's outlook.

Bob Iger CEO also announced December 11 as the date when the mega-grossing Avengers: Endgame will start streaming on Disney +.

"The positive response to our direct-to-consumer strategy has been gratifying," Iger said in a press release, "and the integration of the businesses of the 21st century and the powerful creative engines across the entire company to deliver an extraordinary value proposition to consumers. "

Theme Parks and Direct-to-Consumer and International.

The $ 71.3 billion Disney-Fox deal closed in March, the results of the quarter, which ended March 31, do not fully reflect the integrated company.

The massive revenue event of The Avengers: Endgame March 31. The company's March releases Dumbo and Captain Marvel also carry caveats, as well as the market for the world. And speaking of windows, Captain Marvel Disney + with original titles. (Having Endgame, soon to be the top-grossing film in history, on Disney + just weeks after it launches, certainly will not hurt the customer acquisition prospects on the streaming front.)

Ditto recent moves like the purchase of WarnerMedia's nearly 10% stake in Hulu or the unveiling of the company's streaming plans at an April investor day.

Shares in Disney closed up 1% at $ 135.05 on Wednesday. They have pulled back a bit since they've been around the world.

Streaming is apt to dominate the conference call with analysts later this afternoon. Stay with Deadline for complete coverage of the call.

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