Here is a video clip of Walt Disney CEO, Bob Iger discussing the latest financial results discussed in a recent shareholder conference call. In it he discusses the operating income at ESPN in a decline offset by higher affiliate revenue.
“In ESPN’s case, we had the largest program cost increase for the year in the quarter that we just announced,” Iger said. “We have new distribution deals coming online, but the revenue from those deals won’t hit until the second quarter… ESPN is running in the quarter around 7 percent above where they were last year and we feel much better about the advertising market now than we did during the quarter that was just announced.” – Bob Iger
He also discussed activity at the Disney Parks as well as the Disney Cruise Line. Lastly he discussed the future of the Star Wars franchise discussing J.J. Abrams directing the Episode VII as well as the much anticipated standalone Star Wars films.
Check out the CNBC video with Bob Iger.
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- Disney to Exapand Star Wars Mythos with Standalone Films (chipandco.com)
- Walt Disney Company CEO Bob Iger Confirms Development of Standalone Star Wars Films (jedimouseketeer.com)
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