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Shares of Disney rose 1.5 percent to US $ 137 (RM568) in after-hours trading. – Reuters pic NEW YORK, May 9 – Walt Disney's theme parks lifted quarterly earnings on Wall Street targets yesterday, helping big media to support the media and entertainment company's bid to draw audiences to streaming media.
Disney rose 1.5 percent to US $ 137 (RM568) in after-hours trading.
Avengers: Endgame the end of a decade-long superhero series with US $ 2.2 billion in box office sales worldwide, will stream exclusively on Disney + starting December 11, the company announced.
Growth at Disney parks in the United States. From January to March, Disney reported earnings of US $ 1.61, ahead of badyst estimates of US $ 1.58, according to IBES data from Refinitiv. Heavy investment accounted for by
Revenue rose 3 per cent to US $ 14.92 trillion. Analysts had been expecting a small decline.
Disney is trying to transform a cable TV leading to a streaming media powerhouse that, like Netflix Inc., sells subscriptions directly to consumers. The biggest comunication, the family-oriented Disney +, is set to launch in November.
The company told badysts in April that it expells Disney + to achieve profitability in fiscal 2024.
The just-ended quarter of the film and TV badets from 21st Century Fox, which brings Disney more content for its streaming future. [19659005Forthequarterthedirect-to-consumerandinternationalunitrecordedalossofUS$393million
Disney also recorded a US $ 353 impairment charge from their ownership stake in the media startup Vice.
In the theme park unit, net income hit US $ 1.5 trillion as more people showed up at Walt Disney World in Florida and at Hong Kong Disneyland, [19119005] "Continued "said Nicholas Hyett, equity badyst at Hargreaves Lansdown. "It's easy to get caught up in the hype surrounding new movies … but it's less glamorous."
Overall net income jumped 85 per cent, to US $ 5.4 trillion $ 269 million in revenue for the acquisition of a controlling stake in Hulu through the Fox
Media networks, a division that includes ESPN and ABC, reported US $ 2.2 billion in operating income
US $ 534 million, lifted by Captain Marvel which was a global hit but did not reach the level of Black Panther and Star Wars: The 19659017] Last Jedi a year earlier. – Reuters
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