Culture&Arts

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

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

"You'll see a blend of investment going forward that will be somewhat similar to the way we've been investing before", he said, pointing to the company's track record of investing in organic growth.

ESPN Plus will feature "thousands" of live events that aren't available on ESPN's linear networks from the Major League Baseball, the MLS, the NHL, college sports, Grand Slam tennis, boxing, golf, rugby, and cricket. However if you think that for $4.99 you'll get to stream all the popular games that you might sometimes expect from pay-per-view, think again because those will continue to require users to subscribe to particular channels that stream such content.

When the conversation turned to ESPN Plus, Disney's sports streaming service, Mr. Iger emphasized that users would be able to personalize their experience. He made no mention about the future management of ESPN, which has been operating under temporary leadership after the surprise resignation of John Skipper, who stepped down as president last month, citing substance addiction.

Right now we know ESPN Plus will be available on both Apple's iOS and Google's Android mobile device systems, as well as on Apple TV and Google's Chromecast.

It basically sounds like Disney is planning to offer ESPN Plus on top of traditional packages.

ESPN has struggled over the a year ago as it loses subscribers at a rapid pace, based mostly on the continuation of the cord-cutting revolution.

"There are signs that young people are coming into multi-channel television".

Several of its segments missed the mark on the revenue front as well, including its media and networks branch, which raked in $6.24 billion.

Estimates: A 4.5% rise in per-share profit to $1.62 a share on 3% revenue growth to $15.24 billion.

Disney unveiled its first quarter 2018 results on Tuesday, revealing declines from ESPN and ABC that were offset partially by the big business Star Wars: The Last Jedi has done at the box office. And while the network has lost approximately 12 percent of its sub base since February 2013, its steadily-increasing affiliate fees help make up for the shrinkage of its linear footprint. Disney attributed the drop to lower advertising revenue, higher production cost write-downs and a decline in program sales income. To add to that, ESPN's cash ad sales paced down, reflecting the timing benefit of two semifinal bowl games. It reported revenue of $15.35 billion.


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