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

08 February, 2018, 13:14 | Author: Eleanor Thompson
  • Disney Earnings: Fox Acquisition, 'Star Wars' Fatigue Fears May Overshadow ESPN Subscribers

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.

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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.

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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.

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James Acton, a nuclear weapons specialist at the Carnegie Endowment for International Peace, said that offer seems disingenuous. China foreign ministry says U.S. should focus on promoting regional stability instead of diversifying its nuclear arsenal.

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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