In a regulatory filing, Disney has reported that ESPN profits are down 20%. ESPN Profits Down, Disney Exploring Strategic Options In the first nine months of the fiscal year, Disney’s sports bundle (ESPN, ESPN+, and ESPN television channels) reported profits down 20 percent, to $1.48 billion, as well as a decrease in sales to $13.2 … Read more
The Walt Disney Company has released their 2022 first quarter report. This financial quarter began October 3, 2021 and includes both company-wide and Disney Parks revenue. Last year, The Walt Disney Company made $16.25 billion in this quarter. This year, Disney’s total revenue was $21.82 billion, beating expectations of approximately $18.63 billion. Expectations for Disney’s … Read more
Disneyland Resort and Walt Disney World Resort profits are expected to rebound this year, then grow higher in 2023 and 2024. This is after a significant financial downturn in the past two years due to COVID-19 closures and capacity limits. A new analyst report from research firm MoffettNathanson indicates that theme parks will have strong … Read more
We bring you a lot of stories every single day. Sometimes it’s hard to keep up. So in case you missed anything from our feed, we have rounded up all our stories in one place to get the news at a glance. Here is your Daily Recap for Wednesday, November 10, 2021. Walt Disney World … Read more
Disney is facing a lawsuit that could threaten profits from some of their biggest blockbusters in recent years, including Avengers: Age of Ultron, Guardians of the Galaxy, and the remake of Beauty and the Beast. According to The Hollywood Reporter, the suit has been filed by Rearden, a technology company claiming ownership of visual effects … Read more