ESPN Plus Streaming Service Announced, Will Cost $4.99 A Month

Kevork Djansezian  Getty Images
Disney CEO Bob Iger

Kevork Djansezian Getty Images Disney CEO Bob Iger

X And those hot topics may or may not distract from the now-perennial question of whether Disney's cable networks, notably ESPN, are losing more subscribers. We expect Disney's theme parks to be an important driver for its long-term growth due to its global expansion.

Disney shares rose roughly 1.5% in after-hours trading. However, revenue was $15.35 billion, just short of the $15.5 billion analysts predicted. The division also posted growth in Europe and at its cruise business.

The power of Disney parks - where attendance was up - helped the company beat Wall Street profit estimates. There will be a number of original TV series and films, along with popular films from each franchise, to satiate subscribers' appetites. That marked a 15 percent drop from the year-ago period, when the average was 1.75 million.

Srinagar hospital firing: Two cops injured in firing, Pakistani terrorist escapes
After snatching a gun from the policeman, the Pakistani terrorist, Abu Hanzulla, opened fire on the policemen. Out of them, one snatched weapons from police & fired at the protection party.

Studio entertainment revenues were relatively flat at $2.5 billion and segment operating income decreased 2 percent to $829 million. "Cars 3" was a clunker, and "Guardians of the Galaxy 2" couldn't top the strong performances of "Captain America" and "Jungle Book" in 2016.

Disney's movie studio turned out three blockbusters in the quarter. "The demand for those brands, we believe, will give us the ability to spend less on volumes", said Iger, on a conference call on February 6. "When you go to market with "Star Wars" movies, Disney movies, Pixar movies, Marvel-branded and branded television shows under those umbrellas. that will give us the ability to probably spend less than if we had gone to market with a direct-to-consumer service without these brands". Prior to Disney's Q1 earnings report, the company announced that Game of Thrones execs David Benioff and D.B. Weiss have been tapped to write and produce a new series of Star Wars films. "Star Wars" products failed to overcome lower revenue from "Frozen" and "Finding Dory". There's also the pending acquisition of 21st Century Fox, which may have a potential wrinkle with Comcast reportedly considering making a higher bid for the company. That deal is still pending regulatory approval.

The company's net income increase was partly due to a US$1.6 billion one-time tax benefit associated with new USA federal income tax legislation. Disney and Netflix announced a year ago that its landmark streaming deal will expire by the end of 2019, but not all films will leave the platform immediately.

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