They were "Star Wars: The Last Jedi", "Thor: Ragnarok" and "Coco", but operating income at the studio fell because of lower home entertainment and streaming sales. The app will also provide what the WatchESPN does now with streaming feeds of ESPN's family of networks along with option to subscribe to the complementary ESPN+.
A new live action Star Wars TV series was announced in November previous year, and Disney CEO Bob Iger has now confirmed that there is at least one other Star Wars TV project in development. To counter the shift to online viewing, Disney will launch a streaming service for sports fans in the spring called ESPN Plus to reach digital audiences, followed by a family entertainment offering in 2019.a.
Last year, Disney confirmed the BAMTech basis for the ESPN streaming service when it announced it was paying $1.58 billion to buy another 42% (in addition to the 33% it already owned) in BAMTech.
For the first fiscal quarter of 2018, Disney posted $15.35 billion in total revenues, underperforming the Street's $15.48 billion estimate.
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Iger revealed back in November that one live-action Star Wars series was now in the works, but today's statement is the first confirmation of multiple Star Wars shows on the horizon. They gain 1.4 percent to $106.17 at the close in NY. It will enable access to live streams of all ESPN's networks providing consumers or subscribers to multi-channel packages. "If they want to be successful, they have to bring all their content to streaming".
As well as detailing the company's performance in the final three months of 2017, Disney also discussed some future plans for the business.
The $52.4 billion pending acquisition of 21st Century Fox assets not surprisingly dominated the call, more so than the company's actual quarterly numbers, which were fairly solid. At some later date, I'm sure we'll disclose to all of you just what those are.
As for what these TV shows will be about or whether they will be live-action or animated, that's unclear.
Steven Cahall, an analyst at RBC Capital Markets, said: "We see good momentum in Disney's results that support a long-term rerating story around streaming/direct to consumer".