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.
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.
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.
Analyst Buzz: The Coca-Cola Company (NYSE:KO)
First Eagle Investment Management LLC raised its stake in shares of Coca-Cola European Partners by 14.6% during the third quarter. About 25.00M shares traded or 118.90% up from the average. (NYSE:WWW) has risen 48.14% since February 7, 2017 and is uptrending.
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.
LiDAR reveals Mayan mega city hidden in Guatemalan jungle
The earliest Maya settlements were built in about 1,000 B.C. and most major Maya cities had fallen into ruin by about 900 A.D. Researchers used a mapping technique called LiDAR , which stands for Light Detection And Ranging.