Television

Walt Disney's Q3 net rises on TV, films and theme parks

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/06/10/Untitled-1_12.jpg?itok=nUyr-81Q

MUMBAI: Media conglomerate Walt Disney reported a higher quarterly profit from strong performances by its television, films and theme parks businesses.

The company's fiscal third quarter net income rose to $1.13 billion, from $811 million last year. Its total revenue increased 12 per cent to $8.6 billion.

"Disney's strong third-quarter financial results demonstrate the company's unique ability to leverage great content across our many businesses. In recent months, we have released such highly successful creative product as Cars, High School Musical and Pirates of the Caribbean: Dead Man's Chest, all of which are having a positive impact throughout our company, from merchandise sales to the internet to home video to our theme parks By investing in our pre-eminent core brands and adopting new platforms to enhance the entertainment experience, we intend to deliver our content to more people, more often, in more places, and thereby also deliver long-term growth to our shareholders," said Walt Disney CEO Robert Iger.

The revenues of the Media Networks division of the company for the quarter increased 10 per cent to $ 3.7 billion and segment operating income increased five per cent to $1.2 billion. The growth in segment operating income was due to improved performance at Cable Networks, partially offset by a decline at Broadcasting.

The operating income at Cable Networks increased $130 million to $ 969 million for the quarter primarily due to growth at ESPN. The increase at ESPN was driven by higher affiliate revenues from contractual rate increases, increased recognition of previously deferred revenues from higher ratings. During the quarter, ESPN recognised $ 106 million of previously deferred programming commitment revenues compares to $ 42 million in the prior-year quarter driven by new programming commitment provisions in affiliate contracts. The revenue increases at ESPN were partially offset by higher programming expenses, due to the new Major League Baseball rights agreement and increased costs associated with ESPN branded mobile phone services.

Disney's operating incomes at Broadcasting decreased $ 70 million to $ 183 million due to higher programming expenses at the ABC Television Network, the increased number of costs of pilot productions and costs associated with the launch of Disney branded mobile phone service, partially offset by increased revenue due to higher advertising rates at the BC Television Network.

Parks and Resorts revenues increased 11 per cent to $ 2.7 billion and segment operating income grew 26 per cent to $ 549 million due to increases at both its domestic resorts and at Disneyland Resort Paris.

Studio Entertainment revenues increased 17 per cent to $ 1.7 billion and segment operating income increased $ 284 million to $ 240 million.

On the other hand, Consumer Products revenues increased sic per cent to $ 445 million and segment operating income increased 69 per cent to $ 105 million.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/23/cosmos.jpg?itok=btX9sR9_
Disney+Hotstar VIP to stream Cosmos-Maya's animated series Dabanngg

MUMBAI: Indian animation studio, Cosmos-Maya and Arbaaz Khan Productions have come together to adapt the Dabangg franchise into an animated series. This news comes right in line with the tenth anniversary celebration of the film franchise that introduced the character of Chulbul ‘Robin Hood’ Pandey...

Television TV Channels Kids
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/23/news_0.jpg?itok=W1o6qZnD
News First stings on launch day, gets Karnataka assembly talking on second day

News First, Karnataka’s much awaited Kannada News Channel, didn’t disappoint on launch day. The channel chose to live up to its tagline of Pratikshana Nimmondhege, Every Moment with You, with a sting operation that showed the rampant spread of drug usage amongst children and youth alike, in...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/23/eros.jpg?itok=_AplRLKc
Eros International unveils new identity for Eros STX Global Corp

KOLKATA: Eros International Plc has changed its corporate name to Eros STX Global Corp. Along with the change in the corporate name, the brand has come with a new logo, a new website, and a new stock ticker ESGC for New York stock exchange. Eros Intl Media CEO Pradeep Dwivedi shared the new...

Television Production House Post Production
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/23/ting.jpg?itok=5dl36r40
Nickelodeon unveils its ninth indigenous animated IP 'Ting Tong'

MUMBAI: Every year, India’s premiere kids’ entertainment destination has introduced characters that are endearing and have gone on to emerge as icons amongst children across the country. The comic capers of Motu Patlu, the magic of Rudra, the adventures of Shiva and the mischiefs of the Golmaal...

Television TV Channels Kids
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/23/sunil.jpg?itok=Bz7Bv0GE
Virtual Fireside Series: Watch BARC India CEO Sunil Lulla live on 25 September

MUMBAI: Taking ahead its virtual fireside series with leading professionals spearheading the broadcast industry in India, Indiantelevision.com will be hosting BARC India CEO Sunil Lulla on 25 September 2020. The session will be helmed by our founder, CEO, and editor-in-chief Anil Wanvari. During...

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/23/swa.jpg?itok=eB9B6pGI
SWA announces nominees for TV Shows category of SWA awards 2020

MUMBAI: Screenwriters Association (SWA), the Indian guild of screenwriters and lyricists, announced the nominees for the TV Shows category of SWA Awards 2020. A jury comprising of eminent screenwriters selected nominees separately for story, screenplay and dialogue under two sub-categories: TV...

Television Production House Post Production
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/23/bbc_0.jpg?itok=VPjduLoB
Cutting-edge, robotic, animal spies infiltrate the wild again in Sony BBC Earth’s premiere ‘Spy in the Wild 2’

Nature's spies are back undercover and this time, their mission is to go deeper into the animal world than ever thought possible. Spy in the Wild revolutionized wildlife filmmaking with the use of cutting edge technology and now with Season 2, the makers have set new benchmarks as they placed more...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/22/ipl.jpg?itok=vqaVWQ7C
200 million tuned in to watch the opening match of IPL: Jay Shah, BCCI

Season 13 of the Indian Premier League has opened to a grand start with millions of audiences across the world watching it on their television and mobile screens. It is one of the biggest live sports events that is happening after a gap of nearly six months. The matches are played in UAE. Star...

Television TV Channels Sports
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/22/goquest.jpg?itok=qClrR34-
GoQuest Media signs international distribution rights for RATS

MUMBAI: Global independent content distributor GoQuest Media has partnered with Czech production company Heaven’s Gate to take the international distribution rights for the gripping crime thriller RATS (6 x 55') - a bold, hard-hitting drama about the Czech drug trade.

Television Production House Post Production

Sign up for our Newsletter

subscribe for latest stories

* indicates required