Disney just launched a $5-a-month (about Rs. 340-a-month) ESPN Plus streaming service with sports. For now, Disney has sold the rights to these movies to places like Netflix. That ultimately gives Disney more data to gauge its audience. The lower price point reflects Disney's strategic decision to offer less overall content than its red-lettered competitor, although, unlike Netflix, all the content appearing on the new service will carry Disney's in-house development DNA.
During the call, he reiterated that the app will feature all new Disney content going forward from calendar year 2019, as well as original TV and film productions created for the app, exploiting Disney's intellectual property, including Marvel, Pixar, 20th Century Fox, and Lucasfilm. Over on Making Star Wars, for instance, there's a new tidbit alleging that Jon Favreau plans to whisk viewers off to Mandalore three years after the Empire's downfall.More news: Mendocino Complex Fire is now the largest fire in CA state history
Interestingly, anything that's already licenced to Netflix - including older Marvel and Star Wars movies up to and including Ant Man And The Wasp and Solo - will remain on the rival site, with Disney apparently having no plans to steal them back anytime soon.
On an adjusted basis, Disney earned $1.87 per share, below estimates of $1.95 per share.
Disney's movie studio enjoyed blockbuster success with "Avengers: Infinity War" and "The Incredibles 2".More news: Trump going ahead with taxes on $16B in Chinese imports
Net income attributable to Disney rose to $2.92 billion, or $1.95 per share, in the quarter, compared with $2.37 billion, or $1.51 per share, a year ago. Disney's television networks also saw gains, including at ESPN, despite the higher National Basketball Association costs and lower advertising revenue.
Total revenue rose 7 percent to $15.23 billion, but missed analysts' average forecast of $15.34 billion.
The one business that saw a drop in revenue was also Disney's smallest segment, Consumer Products and Interactive Media. In the final minutes of trading on Tuesday, shares hit $116.56 (roughly Rs. 8,000), an increase of nearly 10 percent from a year ago.More news: Twitter head Jack Dorsey defends decision not to ban Alex Jones, Infowars
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