Disney and NBC Universal are locked in a dispute about how much the former must pay the latter for absorbing the rest of Hulu. Disney has already paid Comcast's NBCU a previously agreed upon floor of $8.6 billion and both sides had their own bankers calculating how much more if any was owed.
Walt Disney Co. turned a surprise profit in its combined streaming business, but its stock was moving lower in Wednesday's premarket trading as the company signaled that consumer spending pressure is impacting the parks business.
Companywide profit increased, the result of hit movies and streaming growth. But Disney said softening theme park demand “could impact the next few quarters.
This morning's third quarter earnings report revealed that Disney's combined streaming services are finally turning a profit but the Mouse House's legal costs are still pretty pricey too. Specifically, $65 million pricey.
Walt Disney reported on Wednesday quarterly earnings that exceeded Wall Street expectations, buoyed by the success of animated Pixar film "Inside Out 2", which helped overcome a profit decline at theme parks.
Disney beat its own timeframe to reach streaming profits in an upbeat June quarter that also saw a big contribution from Inside Out 2.
Disney's DIS 2.49%increase; green up pointing triangle streaming and movie businesses shifted into high gear last quarter, picking up the slack from the theme-parks unit, which has begun to show signs of strain.
Walt Disney Co (NYSE:DIS, ETR:WDP) is set to raise prices across its streaming services over the coming months just one year after previously doing so. Prices across Disney+, Hulu and ESPN are all set to increase in the US under the move, which will come into play ahead of the winter months from October 17.
Analysts expect earnings per share to come in at $1.20 on sales of $23.1 billion, down from $1.21 in the previous quarter but higher than the $1.03 recorded a year earlier.
Disney reports its third-quarter earnings before the bell on Wednesday. The company will hold an earnings conference call at 8:30 a.m.
The Walt Disney Company's (DIS) various streaming services will get more expensive starting in mid-October, the company said Tuesday.
Most of us will be paying more for Disney's suite of streaming video services. Only one offering's price will remain unchanged.