'Lion King' lifts Disney earnings as streaming costs stay under budget

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Walt Disney's theme parks and a remake of 'The Lion King' boosted quarterly earnings past Wall Street targets as costs came in lower than expected for its big plunge into streaming entertainment. More here:

) popular theme parks and a remake of “The Lion King” pushed earnings past Wall Street targets on Thursday, and the company spent less than it had projected on its big plunge into streaming entertainment.Disney is trying to transition from a cable TV leader to a powerhouse in the crowded streaming video market dominated by Netflix Inc . The family-friendly digital entertainment service, Disney+, is set to debut on Tuesday.

Excluding certain items, Disney earned $1.07 per share for the quarter that ended in September, above average analyst estimates of 95 cents per share, according to IBES data from Refinitiv. Disney+ will initially stream in the United States, Canada and the Netherlands. On Nov. 19, it will debut in Australia and New Zealand, followed by several countries in western Europe on March 31, Chief Executive Bob Iger said.

“We’re making a huge statement about the future of media and entertainment and our continued ability to thrive in this new era,” Iger told analysts on a conference call. The Disney+ app will be accessible via a wide range of smart TVs, mobile phones and streaming devices, including Amazon.com Inc’s (

 

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Glad to see they are thriving protecting pedophile networks.

The Star Wars parks are bombing.

Wait till Frozen 2 & The Last Jedi hit, each will make a billion

Do a real news story. Like all the Disney ties to Jeffrey Epstein

Disney own ABC who are involved in EpsteinCoverup ExposeABC

Gee, Disney made enough money to save the amazon forest! Indigenous are suffering down there. They should donate to the Amazon forest and Africa 🌍!

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Disney Earnings Get Lift from ‘Lion King,’ Theme ParksQuarterly earnings and revenues at the Walt Disney Company got a lift thanks to the box office success of “The Lion King” and growth in the company’s theme parks business. Excludi… The Mandalorian will literally release new episodes days after Skywalker comes out. They’re shooting other Star Wars series that will come out on Disney+ in 2020 so this statement means nothing. He just means they’ll wait 2 to 3 years before another theater release. Probably wise I heard rumors they had some secret screening and the movie bombed, then Iger made some changes and it did better and then Lucas added some changes to Iger's movie and it did even better
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