ESPN Plus Streaming Service Announced, Will Cost $4.99 A Month

"ESPN Plus will include an array of live programming live sports events that is not available on the current channels and that's by the thousands" Disney chief Bob Iger said

When the conversation turned to ESPN Plus, Disney's sports streaming service, Mr. Iger emphasized that users would be able to personalize their experience.

Amid declining TV advertising revenues at its top TV networks, Walt Disney posted stronger-than-expected overall results in its fiscal first-quarter earnings period.

"The results and outlook highlight both the opportunities and risks for Disney as the market shifts to OTT [over the top] distribution". In Wednesday's premarket trading, the shares were up another 1.6% at $107.83.

Subscribers are given access to thousands of live sporting events that aren't available in typical television channels. As we said, when we announced this deal, there are three primary strategic priorities fulfilled by this acquisition.

During Disney's quarterly investors call, Iger stated that it won't be long before we get more details about the studio's plans.

Disney's media network group's operating income fell 12% to $1.19 billion on flat revenue at $6.24 billion. Disney's Iger elaborated further on the app during his interview with CNBC. According to Disney's CEO Bob Iger, the sports media conglomerate will be launching a new standalone streaming service this Spring for a cost of $4.99 per month.

While television subs were down Y/Y again (by 3%), "We did see a modest sequential improvement in Q1, for the second straight quarter. driven by adoption of MVPD digital platforms", says CFO Christine McCarthy. But the risk of saturation is also at an all-time high, unless Disney can think of ways to differentiate all this upcoming content. perhaps by hiring some female directors and writers? Analysts had a consensus revenue estimate of $15.45 billion.

BAMTech, which Disney has invested billions of dollars in, and runs streaming for HBO, MLB, WWE (WWE - Free Report), will power this new service. 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.

The Last Jedi, which has recently passed $1.32 billion worldwide, helped keep the Studio Entertainment results in line with a year ago, which had the added benefit of both Moana and Rogue One: A Star Wars Story.

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