Disney Working on More Than One Star Wars Series For Streaming Service

3 things to watch as Disney reports first-quarter earnings

3 things to watch as Disney reports first-quarter earnings

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. Profit at the company's once-mighty TV business remains in retreat, and the film studio's big comeback awaits a bigger slate of films, including "Black Panther" this month.

ESPN Plus will be Disney's first attempt at a direct-to-consumer streaming service. Those units are losing viewers and advertising to new internet entertainment options. "Because the deal isn't completely closed, we can't be specific about that, I think you'll find the level of talent ... on the television front will be rather significant as well".

Analysts expected EPS of $1.61 on revenue of $15.45 billion.

Disney saw improved business from all its domestic parks and resorts, cruise line and vacation club businesses, as well as Disneyland Paris. Notably, this confirms that ESPN Plus will not provide live access to ESPN's main channels like ESPN and ESPN2 - you'll still need a cable subscription to authenticate and watch.

BAMTech, which Disney has invested billions of dollars in, and runs streaming for HBO, MLB, WWE (WWE - Free Report), will power this new service. That marked a 15 percent drop from the year-ago period, when the average was 1.75 million. "Cars 3" was a clunker, and "Guardians of the Galaxy 2" couldn't top the strong performances of "Captain America" and "Jungle Book" in 2016. The analyst believes it was "somewhat expected", so he remains unfazed that Studio revenue of $2.50 billion and Consumer/Interactive of $1.45 billion came up a bit short of consensus expectations.

Still, Disney's enthusiasm for the brand isn't waning. In addition to the series of films coming from the "Games of Thrones" team, "The Last Jedi" director Rian Johnson is developing a trilogy of his own. "At the global parks, Paris continues to perform better with the 25th anniversary celebration (and consolidation of ownership), and Shanghai remains healthy with its Toy Story Land to open in April". The apps will also be an opportunity for Disney to exploit all of the Fox content Disney acquires once its $52.4 billion purchase of Fox makes its way through the federal regulatory process.

That adjusted earnings per share figure accounts for the recent tax overhaul and other one-time benefits totaling about $1.6 billion. In the past few months, however, Disney has been more talkative.

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