Every Actor Who's Appeared in Game of Thrones and Star Wars


Shares were up 2.9% in after-hours trading on Tuesday, which bodes well for the stock's performance on Wednesday.

For the fiscal second quarter, analysts are looking for EPS of $1.70 and revenues of $14.02 billion.

Netflix, Amazon, and Hulu have been spending billions on everything from blockbusters to kids shows to dominate streaming video.

"We'll honor all deals that the Fox studios have in place and we'll assess those deals once the studio is absorbed", he said. The company's Cable Networks unit, which ESPN accounts for a large portion of, did climb 1% year-over-year, but operating income fell 1%, thanks in part to declines at ESPN. Advertising revenue at ESPN also dropped; Disney cited a timing shift in college football playoff games as one reason. With an industry-leading average carriage fee of $7.86 per sub per month, ESPN in 2017 booked an estimated $8.2 billion in affiliate revenue, and that's before the contributions of spinoff nets like ESPN2 and ESPNU are tossed into the mix.

Iger made the announcement while speaking to CNBC, confirming that the streaming service will be called "ESPN Plus" and come this spring, alongside a "completely revised and redesigned" ESPN app.

The new ESPN+ streaming service, which subscribers will also reach through the app, will be the online home of some other original ESPN programs, such as the "30 for 30" documentary series, Iger said.

"Disney is likely to be a global player in streaming in the coming years, given the breadth and depth of its content", he said.

The media and entertainment giant posted adjusted earnings per share of $1.89 and revenue of $15.35 billion. Media networks revenue was flat at $6.2 billion.

The earnings numbers excluded a $1.6bn gain caused by a recent reduction to U.S. corporation tax. Compared with Netflix's increasingly hefty outlays ($8 billion this year and headed upward), Disney "will not necessarily go in the volume direction that Netflix has gone", Iger said. Disney is also building Star Wars: Galaxy's Edge at the Studios and a gondola transportation system that will take guests to several resorts, Epcot and the Studios. With so many big-name studios and franchises under its belt, Iger said Disney can spend less on quantity and worry more about branding.