Streaming Platform Named & # 39; Disney Plus & # 39 ;; Iger has confident plans

It has a name: The long-awaited Walt Disney (DIS) known over-the-streaming platform is officially "Disney Plus" (or maybe Disney +), according to CEO Bob Iger on earnings call late thursday. He also explained the entertainment giant's plans to push further into the direct-to-flow area.

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Disney revenues and revenues hit taxes in the fourth quarter, sending Disney stocks higher. Here are some highlights from the Conversation and Quarterly Report:

Disney Earnings Call Highlights

• The Disney + Platform, which launches the end of 2019, will feature a live action Tom Hiddleston star Loki series, as well as a Diego Luna- starring "Star Wars: Rogue One" spinoff.
• As previously announced, Disney + will also feature brand new "Star Wars" and "Monsters, Inc." series plus a "robust" pipeline of original movies for service.
• More than a million users have subscribed to the ESPN + sports streaming service, which was first launched in April. This contributes well to Disney's overall strategy for direct consumers, said Iger.
• Hulu is a big question mark for Wall Street. Disney will have a 60% stake in the streaming platform after it completes the acquisition of the 21st Century Foxs (FOXA) entertainment activities. Iger says that given the success of subgroup and brand strength, there is an opportunity to increase investment in Hulu, especially on the programming side.
• Iger aims to use the merged TV production capacity to burn Hulu with "much more" original programming so that it can compete more aggressively on the market. He also noticed the potential to increase Hulu monthly pricing.
• The amusement park's new "Star Wars" areas will be the "biggest countries we've ever built," both physically and in scale. He predicts "big increases in demand." Star Wars: The Galaxy's Edge opens in the summer of 2019 in Disneyland, California and late in Disney World, Florida. Disney Profits

  Estimates : Disney Profits Increased 22% to $ 1.31 per Share at 8% Revenue Growth Results : Q4 Disney earnings per share rose 38% to $ 1.48 at 12% revenue growth of $ 14.31 billion, and estimates on top and bottom lines. Disney income growth has accelerated slowly over the past four quarters.

  The segment of the main media networks, which includes ESPN, logged 9% revenue gain to $ 5.96 billion. Disney's typically strong theme parks and studio segments have also received a good display, with theme revenue of 9% to $ 5.07 billion and studio revenue popping 50%, undoubtedly enhanced by Marvel's "Ant-Man and the Wasp" and Pixar & # 39; s "Incredibles 2". "

  Disney's consumer products and interactive media segment revenues increased by 8%.

  " We are still focused on the successful implementation and integration of our 21st Century Fox acquisition and further development of our direct consumer business, including the expected launch of our Disney branded streaming service late next year, "said Iger in a press release.

  Disney Stock

  Disney stock rose 2% to 118.27 in late trading after closing down 0.9% to exactly 116 in stock market trading on Thursday. suggests that Disney stock will attempt to remove 118 purchase points from a cup-shaped base. Shares removed this entry a few times during a fleeting October.

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