A wicked hurricane season, falling advertising sales and a cancelled movie sapped fourth-quarter profit at Disney, the company said, leading to the first drop in annual results since the financial crisis nearly a decade ago.
Disney said Thursday it's already working on a new Star Wars trilogy to follow the series that's scheduled to wrap up in December 2019.
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If an improved pencil launches alongside this new iPad next year, I think I might be looking at trading in. But demand for the tablet waned and global sales declined 17 percent in the past three years.
"It's becoming an internet TV world", Hastings said, "which presents both challenges and opportunities for Netflix as we strive to earn screen time". Disney says its service will include 500 plans from its popular library - including Star Wars and Marvel movies - and about 7,000 episodes of Disney TV.
Disney shares rose 2% to $102.68 before financial results were released late Thursday, and they were up slightly in after-hours trading.
Disney CEO and chairman Bob Iger said that a series based on the Pixar-owned Monsters franchise, another based on High School Musical and a Marvel Entertainment-produced shows were also being readied for the platform.
A recent report from CNBC claimed Disney wanted to purchase a large majority of 21st Century Fox, including the rights to films like the X-Men franchise and TV series like Futurama.
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Also, take a look over here to stay up to date with all of our Doctor Who coverage courtesy of our CarterMatt Facebook page. The coat lining matching the graphic on the shirt is a lovely touch, but this is a very interesting look for a new Doctor.
Disney unveiled its plans to launch an own-brand subscription video service in August, pulling its content off SVOD service Netflix and revealing plans to create original content. All are set for the streaming service, which is due to debut online in 2019.
As soon as we know more, we'll let you know, sports fans. That being said, Disney Channel will also contribute films for the service. Netflix now charges between $8 and $12 a month.
The service will launch in the US.
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