Disney Streaming Service Will Cost 'Substantially' Less Than Netflix
Disney Streaming Service Will Cost 'Substantially' Less Than Netflix
Courtesy of Disney
10 November, 2017, 14:10
Disney and other media companies are battling "cord cutting" as viewers defect to streaming video services such as Netflix Inc (NFLX.O) and Amazon.com Inc's (AMZN.O) Prime.
A deal with Fox would help Disney bring additional programming it could use to lure larger audiences and add significantly to its content library, especially as it plans to start providing its own streaming services.
"We look forward to launching our first direct-to-consumer streaming service in the new year, an awe will continue to invest for the future and take the smart risks required to deliver shareholder value", Iger said in a statement. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share. This compares to the year-ago quarter when its earned $1.10 per share on revenue of $13.14 billion.
The earnings report comes as reports that Disney is considering acquiring some of Fox's entertainment assets.
Walt Disney Co reported lower-than expected quarterly revenue and profit on Thursday, dragged down by a poor performance at its cable business, including a drop in subscribers at ESPN.
The Burbank, California-based company said it had net income of $1.13 per share.
Broadcast income was down 15% to $229 million, as revenue fell11% to $1.514 billion. Revenue were down 3% to $5,465 billion.
Shares of Disney rose prior to the closing bell on Thursday but are roughly flat for the year, even as Wall Street in general has been in rally mode.
Iger also said he was pleased to announce having signed Rian Johnson, director of upcoming film Star Wars: The Last Jedi, to develop what sounds like yet another trilogy of Star Wars-canon films, presumably after the current wave of films and stand-alones wanes in 2020.
Blue Edge Capital Llc increased Ishares S&P Us Preferred Stock (PFF) stake by 2,737 shares to 80,176 valued at $3.14B in 2017Q2. If Coty Inc. (NYSE:COTY) shares can stay above the price resistance around $14.94 a share, that could help propel Coty Inc.
The expected WEN's profit could reach $28.91M giving the stock 31.04 P/E in the case that $0.12 earnings per share is reported. After all, if insiders are buying stock in their own company, they probably know something that a normal investor does not.
The Company's portfolio includes three late-stage product candidates: Cimzia, glycopyrronium tosylate and olumacostat glasaretil. The company's shares were assimilated at $7.26 per share worth to an investment of some $363,000 on account of Dezwirek Jason.
They expect this year's earnings to fall -100.14% year-over-year to -$1.4, followed by -61.43% decline in the next year to -$0.54. The Sumitomo Mitsui Asset Management Company Ltd holds 11,413 shares with $3.01 million value, down from 20,630 last quarter.
During the event, five families of fallen soldiers will be presented flags to honor their loved ones' ultimate sacrifice. Breakfast is on a first-come, first-served basis and proof of veteran eligibility must be shown.
All the four accused were arrested by police after couple of days of gangrape incident that created sensation at national level. Although the doctors later clarified that these were typing errors, the Bhopal divisional commissioner served notice to them.
Zacks Investment Research cut shares of TrueCar from a "buy" rating to a "hold" rating in a research note on Thursday, July 13th. New York-based Bluefin Trading Lc has invested 0.14% in TrueCar Inc (NASDAQ: TRUE ). 1,217,522 shares of the stock traded hands.
Also, insider Helga Houston sold 14,513 shares of the company's stock in a transaction that occurred on Thursday, November 2nd. The stock has actually weakened in the past week, as the company has gathered a -3.77% return in the past 5 trading days.
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Dish Network Corp. Announces 7% Fall In Q3 Bottom Line
BidaskClub downgraded DISH Network Corporation from a "hold" rating to a "sell" rating in a report on Sunday, August 6th. Whalerock Point Prtnrs Ltd Company reported 0.5% of its portfolio in Chevron Corporation (NYSE:CVX). (NYSE:GIS).
Shah Rukh Khan and family return from Ahmedabad
Before Pardes , I had designed a film called Shikhar , featuring Jackie Shroff and Shah Rukh, where we were to cast a new girl. It was a story of Dilip saab , Amitabh Bachchan, Shah Rukh. "Also, he wants the women in the film to get enough importance".