Disney Reports Impressive Progress in Q4 & Announces Name of Streaming Service
Dow 30 Component, The Walt Disney Company (DIS), and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media.
After reporting Q4 and fiscal year 2018 earnings, Disney saw its shares climb 2.92% to $119.39 each. The company smashed earnings expectations of $1.34 with $1.48 per share. Revenue was reported at $14.31 billion.
Along with a successful final quarter and fiscal year, Disney has made plans to launch its streaming service in late 2019. The streaming service will compete against the likes of Netflix, Amazon Prime Video,, and AT&T. The new streaming service will be called “Disney +” and will feature exclusive content such as a new Marvel Series and a Star Wars “Rogue One” prequel. The company has also seen success with the ESPN streaming service which has over one million subscribers since its launch in April.
Robert Iger, Chairman and CEO“We’re very pleased with our financial performance in fiscal 2018, delivering record revenue, net income and earnings per share. We remain focused on the successful completion and integration of our 21st Century Fox acquisition and the further development of our direct-to-consumer business.”
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