Disney quarterly profit falls short as streaming costs rise

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This isn't exactly surprising news; we always expected Disney to bring the MCU "home", but it does mean one of the few remaining members of Earth's mightiest heroes who will still be around to protect Netflix from evil is this guy.

Disney, which has been pushing up prices at its theme parks in recent years, saw the latest price hike lead to a slim 1 percent gain in United States theme park attendance in the period - down from an 8 percent increase last year - while hotel occupancy rates dropped to 86 percent from 88 percent. As the mouse house prepares to consume the whole of 21 Century Fox (and its entire back catalog), it won't be long before "Disneyflix" is in a position to pull the plug on a chunk of the content already on Netflix.

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In a statement, Iger said he was excited about "opportunities ahead for continued growth". Disney has seen "noticeable improvement in the rate of (subscriber) loss in each of the last four quarters", he said.

Actor and director Jon Favreau (Iron Man, The Jungle Book) is now hard at work executive producing and writing a live-action Star Wars TV series for Lucasfilm and Disney's new direct-to-consumer streaming service. Marketing is about telling a story, and his (Strauss) background in that area allows us to collaborate and create new content.” Recently, we reported that the service may not have access to the Star Wars feature films until 2024, you can read that by clicking the link below, so perhaps Disney is looking to really up the ante on the cinematic quality of the live-action series.

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Overall, Disney posted earnings of $1.87 per share excluding certain items, an increase from a year earlier, but below Wall Street's average forecast of $1.95, according to Thomson Reuters I/B/E/S. Freaky Demogorgon monsters: They also don't come cheap! Parks and resorts was up 6% to US$5.2 billion while media networks rose by 5% to US$6.1 billion and consumer products and interactive media dipped by 8% to US$1 billion.

Net attributable income rose 23% to $2.92bn (£2.25bn), or $1.95 per share, in the period ended 30 June, from $2.37bn (£1.83bn), or $1.51 per share, a year ago.

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