Disney parks revenue went up $5.2 billion last fiscal quarter

Disney parks revenue went up $5.2 billion last fiscal quarter

Disney parks revenue went up $5.2 billion last fiscal quarter

The success of Disney parks and resorts was driven by new attractions such as Pandora - the World of Avatar in Orlando, which helped increase attendance by 6% across the company's USA theme parks.

"As I noted earlier, we'll introduce this new app with its direct-to-consumer component this spring, and we're pricing ESPN Plus at $4.99 per month", he revealed.

Following a 3% decline in its Media Networks business in Q4, Disney's Media Networks revenue was flat for Q1 at US$6.2 billion.

However, Iger reveals that their new service for sports will not get access to SportsCenter or ESPN live channels as only existing subscribers of standard ESPN will be able to subscribe to ESPN Plus.

"It will basically enable people to see ESPN just about any way imaginable", Iger told investors on an earnings call. Last November, Iger announced there would be a live-action TV series launched on Disney's upcoming streaming platform, but there's no word on how numerous multiple shows will be live-action.

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Disney (DIS - Free Report) officially announced the new over-the-top streaming version of its flagship sports network, called "ESPN+", on its earnings call yesterday. Overall revenue was up 4 percent to $15.4 billion, $100 million shy of the $15.5 billion expected by Thomson Reuters.

And while the entertainment service could be a hit, with classic and upcoming movies from the studio, shows from Disney Channel, and the "Star Wars", Marvel and Pixar movies, that service isn't launching until late 2019. Rebels concluding this year with Season Four, it is possible that one of the new series will be an animated project. Original streaming content is clearly the future of the entertainment landscape, and Disney wants in on that sweet action. With so many big-name studios under its belt, Iger said Disney is in an ideal position to spend less on quantity and worry more about branding.

Hulu's loss was caused by higher programming and labor costs, partly offset by subscription and advertising revenue growth.

"We'll honor all deals that the Fox studios have in place and we'll assess those deals once the studio is absorbed", he said. Now, we're getting a few TV shows. The company has said it will pull its content from Netflix when that happens.

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