Disney making "a few" Star Wars TV series for Disney streaming service

3 things to watch as Disney reports first-quarter earnings

As if news that the Game of Thrones creative team is about to get its own crack at the Star Wars movie-verse isn't enough, Disney has just dropped a second major reveal: the studio has more than one Star Wars television project planned for its forthcoming streaming service. ESPN's advertising revenue declined 11% y-o-y in the first quarter, as higher rates were more than offset by a decrease in impressions.

Shares of Disney climbed after-hours on Tuesday and are up over 0.50% through mid-morning trading. "That will include an array of live programming that is not available - live sports, live sports events - not available on current channels".

Excluding a tax benefit, earnings rose to $1.89 a share, Burbank, California-based Disney said in a statement, beating the $1.61 a share average of analysts' estimates. Studio entertainment revenues declined 1 percent to $2.50 billion and consumer products & interactive media division revenues decreased 2 percent to $1.45 billion.

Plus will be available as part of a revamped ESPN mobile app, Iger said, without providing a precise launch date.

The Disney boss said that the app would also offer "an increasingly personalised experience" by using explicit choices and implicit behaviour to curate a mix of content tailored to the tastes of individual users.

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In conjunction with the company's earnings release today, Disney chairman and CEO Bob Iger announced that ESPN's upcoming streaming service will cost $4.99 per month. Total media networks' affiliate revenue was up 4% for both cable and broadcasting. More people visited Disney's parks in the USA and spent more money while they were there.

Disney's Media Networks revenue for the quarter remained flat at $6.2 billion, while its segment operating income decreased 12% y-o-y to $1.2 billion, primarily due to lower broadcasting results and lower equity income.

BAMTech, which Disney has invested billions of dollars in, and runs streaming for HBO, MLB, WWE (WWE - Free Report), will power this new service.

Even though Disney had the top-grossing film of the year with "Star Wars: The Last Jedi", the weaker performance of films earlier in the year hurt home entertainment sales.

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