Chief Executive Officer Bob Iger is taking big steps to address those challenges, with plans for new online services and a $52.4 billion deal to buy much of 21st Century Fox Inc. The streaming service will also offer up documentaries about people and events in sports, while the redesigned app will feature scores, highlights, news, and more. It will be accessed within ESPN's existing free app.
"Thanks, Low, and good afternoon, everyone", Iger said. He made no mention about the future management of ESPN, which has been operating under temporary leadership after the surprise resignation of John Skipper, who stepped down as president last month, citing substance addiction.
FA Cup: Swansea wins 8-1, Huddersfield sets up Man U match
Huddersfield may have lost at Old Trafford on Saturday, but David Wagner's side beat United at home in October. Notts County manager Kevin Nolan admitted his side could not live with Swansea's Premier League class.
In the fiscal first quarter, ESPN's ad revenue fell 11 percent, contributing to weakness in the company's media networks division, which logged a 12 percent decline in operating income on flat sales of $6.24 billion. Most of the increase was attributable to a $1.6 billion one-time tax benefit associated with the rewrite of the federal tax code.
Disney shares closed higher in the US Tuesday, with after-hours activity also placing the stock in the green, Wednesday, as the media company posted upbeat - if mixed - results.
Barnier warns Britain over post-Brexit trade
The subject is so sensitive that the Prime Minister has previously declined to authorise any formal discussion in the group. The news comes as European Union chief negotiator Michel Barnier is due to meet prime minister Theresa May in London today.
For the fourth quarter, the theme-park division posted almost $1.5 billion in revenue, up about 9 percent from the fourth quarter in 2016.
All Disney cable networks' revenues inched up 1% to $4.5 billion in total revenue, while broadcast revenue was down 3% to $1.75 billion. That marked a 15 percent drop from the year-ago period, when the average was 1.75 million.
GBH Insights analyst Daniel Ives is out with a first glance at the entertainment giant's quarterly show, calling the performance "solid", even if revenue was a "mixed bag". Meanwhile, its consumer and interactive segment revenue was $1.45 billion, below the $1.52 billion that analysts were calling for.
Twitteratis asks | If Sachin deserves Bharat Ratna then why not Rahul Dravid?
"At least if they become good first class cricketers, from then on it becomes a stepping stone to play for India ", he said. The whole planning and preparation that has gone into, not necessarily for this World Cup, but in developing these players.