Will You Pay $5 Per Month for the ESPN Plus Streaming Service?

08 February, 2018, 13:14 | Author: Eleanor Thompson
  • Disney Stock Market

All of the high-profile content ESPN pays billions of dollars a year to show - stuff like National Basketball Association games, NLF games, top-tier college football - none of that will be on ESPN's new service.

Burbank, California-based Disney's first-quarter profit surged to $4.42 billion or $2.91 per share from $2.48 billion or $1.56 per share previous year.

In December, Disney agreed to buy assets of Rupert Murdoch's Twenty-First Century Fox for about $52.4 billion.

Its adjusted EPS came in at $1.89 versus $1.61 expected by analysts, according to Thomson Reuters.

Snap Inc.'s Share Price Soars After Revenue Beats Expectations
The announcement late a year ago that Snap meant to completely rebuild the Snapchat app has been welcomed by frustrated users. Advertising revenue rose 74 percent to $281 million, as companies advertised more in the key holiday quarter.

The strength of its parks offset weakness at ESPN, its Hollywood studio, its consumer-products unit and its broadcast network - each of which saw profits decline.

Adjusted EPS does not include a $1.6 billion benefit related to recent changes in USA tax law and certain other one-time items.

GBH Insights analyst Daniel Ives is out with a first glance at the entertainment giant's quarterly show, calling the performance "solid", even if revenue was a "mixed bag". The streaming service will be priced at $4.99 per month, Iger said. The streaming service will also offer up documentaries about people and events in sports, while the redesigned app will feature scores, highlights, news, and more.

Disney is launching a new subscription called ESPN Plus, CEO Bob Iger announced Tuesday.

Woodland triumphs in Phoenix Open playoff
He looked set to claim the solo lead on Friday until he overcooked his chip shot at the par-four 17th for a soft bogey. As soon as his winning putt dropped Sunday on the 18 green at TPC Scottsdale , Gary Woodland pointed to the sky.

BAMTech, which Disney has invested billions of dollars in, and runs streaming for HBO, MLB, WWE (WWE - Free Report), will power this new service.

Disney also announced Tuesday that it has hired "Game of Thrones" showrunners David Benioff and D.B. Weiss to create a new series of "Star Wars" movies, separate from a new trilogy that will be developed by director Rian Johnson.

Parks and resorts appeared to be Disney's strongest segment, with revenue up 13 percent and operating income up 21 percent. Cable networks revenues for the quarter increased 1 percent to $4.5 billion and operating income decreased 1 percent to $900 million.

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.

Pak can not separate Kashmir from India: Rajnath Singh
Shahid Khaqan Abbasi on Monday said while addressing AJK Legislative Assembly that Kashmiris are not alone, 200 million Pakistanis stand by them.

In its first statement about the effort, Disney described it in broad terms, only confirming that the service will include a host of games from every major sports organisation in the United States and purchasable add-ons for those who want to follow individual sports like baseball, hockey, and soccer.

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