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1:19 PST 08/11/2018
by
Paul Bond
Disney + will be home to the family rate.
Disney released Thursday quarterly and annual financial results for the last time probably before acquiring almost all of 21st Century Fox. The results obtained did not disappoint the solid results of Wall Street. Indestructible 2 and Ant and the wasp helped the conglomerate's film studio increase its revenues by 50%.
Analysts expected Disney to earn $ 1.34 per share on revenue of $ 13.73 billion in the fourth quarter of its fiscal year, but the conglomerate posted $ 1.48 per share for a turnover of 14.31 billion USD.
For the full year, Disney was expected to earn $ 6.94 per share on $ 58.87 billion, although it was reporting $ 7.08 per share for a figure of. business of $ 59.43 billion.
Disney shares fell 1% Thursday to $ 116.09, but after the closing bell when the company released its earnings, shares rose 2%.
At the same time as the profits, Disney CEO Bob Iger announced that the company's next streaming service, intended to compete with Netflix, is dubbed Disney +, just as its ESPN streaming product calls ESPN +. Earlier reports had incorrectly stated that the next service would call Disney Play.
Disney's acquisition of most of Fox's entertainment assets, the company controlled by Rupert Murdoch and his sons, is expected to be finalized by the beginning of next year if regulators approve the deal. Iger said Thursday he was confident that this would happen sooner than expected. .
The Fox transaction includes 30% Hulu from this company, which gives Disney 60% of that asset. Iger made it clear that Hulu and Disney + can coexist satisfactorily.
Disney will have "a considerable influence on how Hulu is managed" given that Comcast and AT & T will remain minority shareholders, and he suggested that one or the other or both could choose to depart from their stake in Hulu.
Iger said Hulu was "underrated" because of its young population and ability to deliver targeted ads. He also said that he would invest more in the original programming and would perhaps increase the monthly subscription fees, which currently start at $ 5.99 per month.
Hulu, said Iger, will be used for entertainment in general, while Disney + will be the perfect place for families. In this sense, he announced a series of prequel to Rogue One: A Star Wars Story because Disney + is under construction.
In the studio, Disney's revenue grew from $ 1.43 billion to $ 1.15 billion this year, with Black Panther, Avengers: Infinity War and Star Wars: The Last Jedi each make a heavy contribution to the top line.
Disney's largest segment, Media Networks, saw its quarterly revenues climb 5% to $ 5.96 billion, with most of the growth being attributed to television rather than cable.
Parks and resorts posted 9% revenue growth, reaching $ 5.07 billion, while consumer products and interactive media reported a decline in revenues of 8% to 1%. , $ 12 billion.
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