decline in ad revenue. it is a big test for the returning chief executive bob iger. michelle fleury has the latest from new york. it is nearly a year since bob iger made his shocked return to disney following his retirement and having restructured its operations, mr i go, was on his second go around leaving the media giant, said disney is now moving to its next phase.- moving to its next phase. well, we still have moving to its next phase. well, we still have work moving to its next phase. well, we still have work to moving to its next phase. well, we still have work to do - moving to its next phase. well, we still have work to do to - we still have work to do to continue improving a result, progress has allowed us to move beyond the spirit of fixing and begin building our business again. an example of that, next month disney will launch a beta test of an app that combines disney plus, streaming servers, with hulu, another streaming servers. itjust bought the remaining
cheaper for customers because it makes their products cheaperfor customers in because it makes their products cheaper for customers in other countries to buy. the yen has been steadily depreciating against the us dollar and that is likely to continue boosting export profits forjapanese export profits for japanese companies export profits forjapanese companies according to damien thong the head of japanese equity research. it thong the head of japanese equity research. equity research. it is a big tailwind for equity research. it is a big tailwind for firms - equity research. it is a big| tailwind for firms exporting from japan and also firms which manufacture outside means a lot of the profits they generate overseas will be brought back to japan and a overseas will be brought back tojapan and a very overseas will be brought back to japan and a very attractive rate of exchange. rate of exchange. japanese companies rate of exchange. japanese companies have rate of excha
is maturing early next month, i5 maturing early next month, 2nd of september. but offshore, this is what is probably being watched. it has a coupon that it was supposed to pay 20 million. , it was supposed to pay 20 million. , , , ., it was supposed to pay 20 million. 2, , ., million. it s supposed to pay earl in million. it s supposed to pay early in august. million. it s supposed to pay early in august. it million. it s supposed to pay early in august. it has - million. it s supposed to pay early in august. it has 30 i million. it s supposed to pay l early in august. it has 30 days to make that payment. it has a grace period. if it doesn t make that payment by mid next week it will be in the fall of offshore bonds, that will begin the process of the company having to go through a large onshore offshore restructuring. a5 onshore offshore restructuring. as we ve seen so far with the 53 other charities develop error5 far with the 53 other charities develop errors that have de