The Walt Disney Company has just published its quarterly results and has organized a call to investors, both very strongly dominated by the upcoming launch of Disney +.
Two of the biggest news was that Amazon, Samsung, and LG devices will carry Disney + at launch, and that Disney + will launch in Western Europe, including the UK, Ireland, Germany, France, Italy and other countries. ‘others on March 31.
“Our strong fourth quarter results reflect the continued strength of our brands and business,” said Robert A. Iger, President and CEO of The Walt Disney Company. “We have spent the past few years completely transforming The Walt Disney Company to focus the resources and immense creativity of the entire company on delivering an extraordinary direct-to-consumer experience, and we are thrilled with the launch. from Disney + on November 12. . “
They also announced that Direct-to-Consumer & International revenue for the quarter increased from $ 0.8 billion to $ 3.4 billion and segment operating loss increased from $ 340 million to $ 740 million. The increase in operating loss is due to the consolidation of Hulu, costs associated with the upcoming launch of Disney + and their continued investment in ESPN +, which launched in April 2018. These declines were partially offset by a benefit from the inclusion of TFCF activities driven by revenue from Star India.
In the last quarter, Disney generated revenue for Disney +, with people paying up front for annual and 3-year offers, although they spent more on creating content and advertising.
Bob Iger also spoke during the question-and-answer session about the conduct of the trial for Disney + in the Netherlands. They have already discovered that a wide range of people use the app and that using downloads on devices is popular, as well as viewing in 4K.
Other streaming news included FX content moved exclusively to Hulu in March and that FX is creating four new Hulu exclusive shows, including Debs, A teacher, Mrs. America with Cate Blanchett, and The old man. This will also include the FX library and new FX shows will be on Hulu right after they air. Fox Searchlight also creates original programming for Hulu. Bob Iger won’t go into details but said they would share more information on Hulu’s international expansion
Are you getting Disney + at launch?