Disney rises after earnings beat, announces price of ESPN streaming service
Publishing timestamp: 2018-02-06 20:31:35
Summary
Disney reported better-than-expected earnings but revenue missed estimates. The company announced pricing for ESPN Plus and CEO Bob Iger mentioned that "Black Panther" ticket presales are exceeding those of any other superhero movie. Disney's earnings report comes as its deal with Twenty-First Century Fox looms over the entertainment industry. The acquisition is expected to help Disney deliver more content and enhance its direct-to-consumer initiatives. Disney's proposed streaming service will compete with Netflix by offering exclusive content from properties like Marvel, Pixar, and Star Wars.
Sentiment: MIXED
Tickers: 02P-FF, AMZN, NFLX, DIS,
Keywords: entertainment, business, earnings, business news, amazon.com inc, twenty-first century fox inc, walt disney co, media, james murdoch, netflix inc, rupert murdoch,
Source: https://www.cnbc.com/2018/02/06/disney-earnings-q1-2018.html