DO WE HAVE SUSAN NOW, READY TO
GO?
SUSAN LI JOINS US.
ASHLEY, GET BACK TO YOU IN A
SECOND.
SUSAN LI FROM THE NEWSROOM.
BETTER THAN EXPECTED EPS.
WE HAVE REVENUES AS WELL.
>> 14.31 BILLION IN THE QUARTER.
MUCH BETTER REPORT CARD FOR THE
QUARTER.
AS YOU CAN SEE THE STOCK IS
RISING IN AFTER-HOURS, BREAKING
IT DOWN BY INDIVIDUAL
BUSINESSES, VERY IMPRESSIVE WITH
THE MEDIA NETWORKS REVENUE
INCREASING 9% TO $6 BILLION.
BROADCASTING AS WELL SEEING
GAINS.
STUDIO ENTERTAINMENT REVENUES,
SOME CRITICIZED THE QUARTER FOR
NOT A BIG HIT.
ANT" MAN," WASN'T THAT GREAT,
THE SEE WELL TO IT.
"INCREDIBLES" 2 WAS PRETTY GOOD.
ONLY TWO WEEKS OF PLAY IN THE
QUARTER.
I WOULD CONSIDER THIS A VERY
STRONG REPORT CARD AND ALSO
PARKS AND RESORTS, THAT MIGHT BE
A LITTLE BIT LIGHT.
I WILL CHECK IN ON THAT.
I WILL GET BACK RIGHT TO YOU
GUYS.
CONNELL: PARKS AND RESORTS AT
5.07 BILLION, YOU'RE RIGHT, THAT
MIGHT BE A LITTLE LIGHT.
5.09 I BELIEVE WAS THE
EXPECTATION THERE.
HOWEVER THE STOCK'S UP.
THE STOCK'S UP 2.4%, ALLY,
AFTER-HOURS.
LET YOU KNOW DOMINIC PATTON
JOINS US FROM DEADLINE, SENIOR
EDITOR.
WILL WEIGH IN ON THE DISNEY
NUMBERS AS WE JUST RECEIVED
THEM.
OVERALL, REMEMBER THE OTHER
THING WE'LL LOOK FOR ON THE CALL
THIS AFTERNOON HOW THEY WILL
INTEGRATE THE NEW FOX ASSETS
THEY BOUGHT FROM OUR PARENT
COMPANY, ASHLEY, BUT OVERALL
SEEPS LIKE A POSITIVE REPORT.
>> BETTER THAN LAST QUARTER.
I WOULD LIKE TO SEE CLARITY WITH
DIRECT TO CONSUMER STREAMING.
WHAT ABOUT HULU.
WE KNOW THEY HAVE ESPN PLUS.
THEY DON'T BREAK OUT THE NUMBERS
BUT I WOULD LIKE TO SEE HOW THAT
SERVICE IS DOING.
WE KNOW LATER ON NEXT YEAR THEY
WILL BRING OUT DIRECT TO
CONSUMER DISNEY BRANDED
STREAMING SERVICE.
I WOULD LIKE MORE ON THE TIMING,
PRICING, CONTENT.
THAT KIND OF INFORMATION WOULD
BE VERY GOOD.
HOW THEY INTEGRATE THE FOX
ASSETS.
WHAT ABOUT HULU?
THEY PICKED UP EXTRA 30% IN HULU
FROM FOX.
>> THAT'S RIGHT.
>> THEY HAVE 60%.
I THINK AT&T AND COMCAST HAVE
THE OTHER PIECES OF THAT.
I WOULD BE INTERESTED TO KNOW
JUST IN BUYING THEM OUT.
CONNELL: DOMINIC, JOIN IN ON THE
PANEL.
THANKS FOR JOINING US TODAY.
WE APPRECIATE IT.
AND GIVE US NOT ONLY YOUR FIRST
GLANCE AT THESE EARNINGS BUT
WHAT YOUR BIG QUESTIONS ARE?
THIS FOURTH QUARTER, WHEN WE
COMPARE TO IT OTHER FOURTH
QUARTERS, USUALLY A LIGHT TIME
OF THE YEAR, THERE ARE A LOT OF
QUESTIONS FOR DISNEY MAKING
CHANGES GOING FORWARD.
WHAT ARE THE ANSWERS YOU WOULD
LIKE TO SEE DISNEY ANSWER?
>> THEY GOT APPROVAL FROM THE
EUROPEAN UNION WITH THE FOX
DEAL.
THAT IS THE LAST HURD DEAL TO
MAKE DISNEY TO BE GLOBAL, GLOBAL
BEAST TO COMPETE WITH NETFLIX
AND AMAZON ON STREAMING.
OF COURSE WHEN WE TALK ABOUT
THINGS LIKE HULU, WE TALK ABOUT
DISNEY STREAMING, REMEMBER
THEY'RE IN A UNIQUE POSITION
WHERE THEY DON'T HAVE TO
REINVENT THE WHEEL.
NOW THEY HAVE THE DOMINANT SHARE
OF HULU, THEY CAN GRAFT ON TO
THAT, SERIES, A "STAR WARS"
SERIES BY "IRON MAN" DIRECTOR
JON FAVREAU.
THERE WILL BE ONE OR TWO NEW
MARVEL SUPERHERO SERIES.
ALREADY THE PRIMARY PRODUCT BASE
IS FINDING A LAUNCHPAD.
MELISSA: I WANT TO BREAK IN WITH
A COUPLE MORE NUMBERS THAT SUSAN
WAS REPORTING BUT A FEW MORE TO
ADD ON TO THAT.
STUDIO REVENUES FOR THE QUARTER
INCREASED 50% TO $2.2 BILLION.
A LITTLE MORE COLOR ON THIS ONE,
SHE MENTIONED IT, MEDIA NETWORK
REVENUES FOR THE QUARTER, 9%.
CABLE NETWORK REVENUE FOR THE
QUARTER INCREASED 5% TO
4.1 BILLION.
CONNELL: RIGHT.
MELISSA: YOU MENTIONED THAT
RESORT NUMBER.
9%, TO 5.1 BILLION.
AND -- LET'S SEE.
YEAH, OH, FOURTH QUARTER REVENUE
VIEW, 13.79 BILLION.
CONNELL: DON'T SEE ANY BIG
PROBLEMS --
MELISSA: PARDON ME,
13.7 BILLION.
CONNELL: IS THAT THE RIGHT READ,
SUSAN?
DOESN'T SEEM ANY BIG PROBLEMS
WITH WHAT DISNEY IS SAYING.
MORE WHAT THEY SAY ABOUT THE
FUTURE WITH SO MANY CHANGES TO
THE COMPANY ANTICIPATED?
OR LENORE.
TAKE THAT ONE, ACTUALLY.
>> DEFINITELY THE FOCUS IS MUCH
MORE ON THE GUIDANCE.
THE NUMBERS, THEY ALL SOUND
REALLY GOOD BUT IT IS AS
EVERYBODY HAS BEEN SAYING, THE
REAL FOCUS FOR DISNEY WHAT IT IS
DOING GOING FORWARD WITH RESPECT
TO STREAMING, TRYING TO GO UP
AGAINST NETFLIX.
DISNEY IS JUST THE CONTENT
BEHEMOTH.