Disney shares rise as mixed earnings results, future plans, impress

Kevork Djansezian  Getty Images
Disney CEO Bob Iger

CEO Bob Iger said the highly anticipated direct-to-consumer streaming product, ESPN Plus will launch in the Spring and will cost $4.99 a month. Through Tuesday's close, Disney shares had fallen 1.3 percent this year, compared with 0.8 percent increase for the Dow Jones Industrial Average .DJI . The apps will also be an opportunity for Disney to exploit all of the Fox content Disney acquires once its $52.4 billion purchase of Fox makes its way through the federal regulatory process. 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.

Walt Disney Co (NYSE:DIS) shares flew nearly 3% in after-hours trading last night after the House of Mouse delivered an earnings beat- even if the company did not quite meet revenue expectations for its first fiscal quarter of 2018.

Speaking on Disney's earnings call Tuesday, Iger said ESPN Plus will be available via a new reconceived ESPN app.

Exclusive and original content help media companies market their direct-to-consumer offerings.

Colts hire McDaniels as new coach
McDaniels won five Super Bowl titles with the Patriots beginning his National Football League career with the team back in 2001. He was sacked during his second year with the Denver Broncos, with whom he posted an 11-17 mark during the 2009-10 seasons.

Terrorists open fire in Srinagar hospital, 2 cops injured
Jhutt, a school dropout from Borevella district of Multan in the Pakistan Punjab, is believed to be involved in multiple attacks. A senior police officer identified the "high critical cop" as Mushtaq Ahmad, a head constable (259), a resident of Karnah.

Surprise! The new Cloverfield movie premieres tonight on Netflix
Julius Onah directed the film , from the screenplay by Oren Uziel and Doug Jung with J.J. In the meantime, The Cloverfield Paradox is streaming now.

Mr. Iger also focused on Disney's film pipeline, announcing that David Benioff and D.B. Weiss, executive producers of HBO's hit series "Game of Thrones", would write and produce a series of new "Star Wars" movies. Lackluster ratings at Disney-owned ABC also caused headaches for Disney Media Networks, which reported a 12 percent decline in operating income, to $1.19 billion.

Bob Iger, chairman and CEO of The Walt Disney Co., center, and Disney mascot Mickey Mouse ring the opening bell with Tom Farley, president of the NYSE Group, right, on the floor of the New York Stock Exchange on November 27, 2017.

Broadcast operating income was down 25% to $$258 million as revenue dropped 3% to $1.75 billion.

Iger said the ESPN app will deliver "important new experiences and services" and that "the changes will be dramatic". Within the same app, consumers would need to be pay TV subscribers to access ESPN television networks on an authenticated basis. All studio business revenue at Disney was flat at $2.5 billion. And they'll be paying $4.99 a month for the streaming subscription itself. Disney first announced the service back in August 2017, but few specifics about the platform have emerged since. Disney last month gave about 125,000 USA employees a one-time $1,000 bonus and announced plans to put $50 million toward helping hourly employees with tuition expenses.

Related news:

Hot News

isis-killer-beheading-video-story-top CNN goes on patrol with United States soldiers in Syria
Feb 08, 2018 - 13:17
Artillery and tank rounds were used by pro-Bashar Assad soldiers against the US-backed Syria Democratic Forces on Wednesday. However, according to one official, it is believed that Russian contractors may have been involved in the initial assault.

isis-killer-beheading-video-story-top Carter Page: The Dodgy Dossier was a Political Stunt and False
Feb 08, 2018 - 13:13
Podobnyy, who had diplomatic immunity, fled the country. "For now, his enthusiasm works for me", the recruiter says of Page. Page denied that the Russian Federation trip was in his capacity as a campaign adviser.

isis-killer-beheading-video-story-top Netherlands Confirm Former Everton Boss As New Manager
Feb 07, 2018 - 01:50
But he faces a challenge to lift morale in the national side, who failed to reach either Euro 2016 or this summer's World Cup. Former Everton manager Koeman has been out of a job since he was dismissed by the Premier League club back in October .

isis-killer-beheading-video-story-top Snap Inc.'s Share Price Soars After Revenue Beats Expectations
Feb 07, 2018 - 01:49
Analysts had only been expecting Snap Inc (SNAP) to add 6 million daily users for a total user base of 184 million daily users. The business had revenue of $207.90 million during the quarter, compared to the consensus estimate of $236.71 million.

isis-killer-beheading-video-story-top Two Kenya TV stations resume broadcasting after days shut by government
Feb 07, 2018 - 01:49
The government ignored court orders to restore transmission for the stations and to release opposition activist Miguna Miguna. This not likely to happen as the Nasa activist has now been ejected out of Kenya.

isis-killer-beheading-video-story-top Taiwan Hotel Collapses After 6.4 Magnitude Earthquake
Feb 07, 2018 - 01:49
The temblor that registered an intensity of 7 in downtown Hualien led to Marshal Hotel caving in and Beautiful Life Hotel tilting. The island's worst tremor in recent decades was a 7.6 magnitude quake in September 1999 which killed around 2,400 people.

isis-killer-beheading-video-story-top Combination of freezing rain and snow expected Tuesday night/Wednesday morning across Tri
Feb 07, 2018 - 01:48
Bridges and overpasses are the main concern as a cold front is expected to bring freezing rain to the Mid-South Tuesday night. But the National Weather Service says Wednesday's forecast won't be the big thump of snow some people were hoping for.

isis-killer-beheading-video-story-top PlayStation 4 to Get New Parental Controls, Notifications Management Features, and More
Feb 07, 2018 - 01:48
This is the type of content most users will not return to, so it's nice to know they don't ever have to see them in their Library. A number of Pro-enabled games already have supersampling built-in, while this update extends the option to all games.

isis-killer-beheading-video-story-top Best Buy removing CDs this July, keeping vinyl records
Feb 07, 2018 - 01:47
Target is also considering pulling the format from its shelves, though are bargaining with labels over the decision. It's issued an ultimatum to music suppliers which will force them to take on all inventory risks for unsold discs.

isis-killer-beheading-video-story-top USA nuclear policy is going to be more aggressive toward Russian Federation
Feb 07, 2018 - 01:47
In a statement Monday, its Foreign Ministry called the review's assertions frightening, "utterly hypocritical" and unsafe . It is truly unfortunate that the USA is renewing its attention to its nuclear arsenal, after eight years.

isis-killer-beheading-video-story-top 'Threatening' package sent to embassy, Julian Assange claims
Feb 07, 2018 - 01:35
Should she rule in Assange's favour next Tuesday, it remains unlikely however that he will leave the embassy immediately. For some, Assange is an activist who exposed government abuses of power and championed free speech.

isis-killer-beheading-video-story-top Todd Frazier Signs with the New York Mets
Feb 06, 2018 - 15:17
Frazier would finish the 2017 season batting.213 with 26 home runs, and 77 runs batted in between both the White Sox and Yankees. Frazier is the Mets' second notable signing after they reunited with Jay Bruce on a three-year, $39 million contract.

isis-killer-beheading-video-story-top Pakistani premier pledges help for battle in Kashmir
Feb 06, 2018 - 15:13
They are always trying to divide India or trying to create havoc in our country. The development budget for the AJK had been doubled, he added.

isis-killer-beheading-video-story-top MFs fear inflows could fall by 50% if market mayhem continues
Feb 06, 2018 - 15:09
We aren't living in an island so there will be a ripple effect of what is happening in the world on Indian stock markets. Foreign institutional investors sold equities worth Rs 1,263.57 crore in yesterday's trade, as per provisional data.

isis-killer-beheading-video-story-top Malcolm Butler: Patriots 'gave up on me' in Super Bowl
Feb 06, 2018 - 15:04
It will go down as one of his most controversial personnel moves as Patriots head coach, certainly one of his most surprising. The Patriots and Eagles had two of the best defenses in the league throughout the regular season and postseason.