Will Disney’s streaming service roar – or squeak?
NEW YORK (AP) — Will Disney’s upcoming streaming services be the mouse that roared … or squeaked?
Disney already owns enviable entertainment properties including Pixar, Marvel and Star Wars. Now, it’s looking to add Fox’s TV and movie studios as it prepares to launch two streaming services.
In announcing first-quarter earnings Tuesday, CEO Bob Iger said he was “excited about what lies ahead” including the ESPN streaming service. Adjusted income of $1.89 per share beat analyst expectations, as did revenue of $15.35 billion, a 4 percent increase.
Streaming is Disney’s bet on what the next generation of entertainment will look like. But some investors are concerned that Disney isn’t going “all in” on streaming.