The ESPN streaming service due early next year will offer an array of sports programming, featuring roughly 10,000 live regional, national, and worldwide games and events every year, including from the majors leagues, notably Major League Baseball, National Hockey League, Major League Soccer, Grand Slam tennis and college sports.
On a diluted basis, Walt Disney 3Q F17 earnings fell 5% year over year to $1.51 per share from $1.59 per share in last year's third fiscal quarter.
Walt Disney Company (The) (NYSE:DIS) last announced its earnings results on Tuesday, August 8th. Instead, Disney plans to launch a Disney-branded direct-to-consumer streaming service in 2019 starting in the US and expanding globally. Also, Chairman Robert A. Iger sold 797,578 shares of Walt Disney Company (The) stock in a transaction dated Friday, June 9th.
Media and networks - revenue up 1% to $5.9 billion, operating income down 22% to $1.8 billion. That will include "Toy Story 4" and the sequel to the huge hit "Frozen".
Disney might bring more of its properties - particularly its Marvel superheroes and the Star Wars franchise - under its wing, and could even offer them as separate streaming services.
Some Twitter users expressed frustration with losing access to their favorite Disney movies on Netflix.
Independence Realty Trust, Inc. (NYSE:IRT) Trading Down - Insider Trading Activity
Lexington Realty Trust (LXP) is an interesting player in the Financial space, with a focus on REIT - Diversified. The Brookfield Asset Management Inc holds 1.74 million shares with $181.53M value, down from 1.87M last quarter.
Disney had already said it would be launching a streaming ESPN service.
Disney says the service won't be spun out into a new app, but rather it will live inside the existing ESPN app, which is accessible on a number of devices like smartphones, game consoles, and streaming TV boxes.
The ESPN-branded multi-sport service will offer a robust array of sports programming, featuring approximately 10,000 live regional, national, and global games and events a year, including Major League Baseball, National Hockey League, Major League Soccer, Grand Slam tennis, and college sports. The move will acquire a 42 percent stake in BAMTech previously owned by MLBAM.
"We view the ESPN announcement as probably Disney's best chance of at least limiting, if not reversing, the margin pressure on its network business from subscriber and viewership attrition", Cowen and Co analysts said.
Variety reports that those services will "be available for purchase directly from Disney and ESPN, in app stores, and from authorized pay-TV partners".
Comments