"With this service having massive amounts of sports content, it's the ideal foray into streaming in our opinion with Disney's standalone service coming down the pike slated for 2019, with the Fox acquisition and Hulu ownership making the company a legitimate streaming player".
In December, Disney announced a $66.1 billion deal, including debt, to acquire many parts of Fox.
ESPN has faced declining subscriber numbers and ad revenue.
Net income soared 78% to $4.4 billion - largely as a result of the one-time benefit from the new federal tax laws. For the new ESPN app, we expect it to include a more personalized experience with usual relevant scores and highlights next to streaming versions of ESPN's cable broadcasts and podcasts. Overall, he added, the company is "pleased by the response in the creative community to the idea of creating original properties for our direct-to-consumer app". ESPN's advertising revenue declined 11% y-o-y in the first quarter, as higher rates were more than offset by a decrease in impressions.
Theatrical distribution revenue was higher due to three big movies: "Star Wars: The Last Jedi", "Thor: Ragnarok" and "Coco", which generated over $4.4 billion in global box office.
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You can limit their play sessions, check their time for the day, and even add time from the smartphone app or from a PC. You'll also be able to customize your Tournaments team page with a team logo or other artwork saved off of a USB drive.
Iger also emphasized that Disney's output deal with Netflix for Black Panther, Incredibles 2 and other films released through the end of 2018 doesn't last forever. Disney announced separately that it's hired the creators of TV series "Game of Thrones" to make a new series of Star Wars films. Cable accounted for 72 percent of Disney's TV revenues, or $4.49 billion.
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. It's broader, direct-to-consumer streaming service, meanwhile, is set to be available some time in 2019.
"The third feature is a plus service, we're calling it ESPN Plus", he told them.
Excluding special items, earnings for the quarter rose to $1.89 per share from $1.55 per share past year.