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Walt Disney Q2 Profit Beats Street View, But Revenues Miss BURBANK (dpa-AFX) - Entertainment and media conglomerate Walt Disney Co. (DIS), Thursday reported a mixed results for its second quarter, as its earnings trumped Wall Street estimates but revenues fell shy of expectations. Burbank, California-based Disney reported a second-quarter profit of $901 million or $0.50 per share, compared with last year s profit of $460 million or $0.25 per share. Adjusted earnings for the quarter were $0.79 per share, up from $0.60 per share last year. On average, 25 analysts polled by Thomson Reuters estimated an earnings of $0.27 per share. Revenues for the quarter slipped 13% to $15.61 billion from last year s $18.03 billion last year. Analysts had a consensus revenue estimate of $15.87 billion. ....
Walt Disney Uses Amazon Web Services For Global Rollout Of Disney+ BURBANK (dpa-AFX) - Amazon Web Services (AWS), an Amazon.com company, said Walt Disney is using the AWS public cloud infrastructure for the global rollout of its streaming service Disney+. AWS is supporting the explosive growth of Disney+, which quickly surpassed 100 million subscribers globally only 16 months after U.S. launch in November 2019. Walt Disney has been able to rapidly expand Disney+ to 59 countries across North America, Europe, Asia Pacific, and Latin America by leveraging AWS s fault-tolerant, flexible and highly performant secured cloud video infrastructure. Disney+ is expanding its use of AWS s industry-leading services to include more than 50 technologies, such as machine learning, database, storage, content delivery, serverless and analytics. ....
By siliconindia | Wednesday, 14 April 2021, 06:47 Hrs Media and entertainment conglomerate, The Walt Disney Company India and Star India appoints K Madhavan as its President. In his new role, Madhavan is expected to accelerate the strategy and growth of the company in India, with responsibility for the Disney, Star and Hotstar businesses and operations spanning across entertainment, regional channels, sports and direct-to-consumer, states the company. However, Rebecca Campbell, Chairman, International Operations and Direct-to-Consumer, The Walt Disney Company revealed the news of Madhavan’s appointment. The company states, “This includes oversight of channel distribution and advertising sales, as well as a thriving local content production business which currently is responsible for the creation of 18,000 hours of original content across fiction, non-fiction, sports, and movies in eight languages.” ....
Disney changed how it handles Peter Pan. Will the Disneyland ride be next? FacebookTwitterEmail Peter Pan s Flight at Disneyland, Anaheim, Calif., September 1962.Courtesy of Getty Images News broke this week that Disney Plus had changed the availability of Peter Pan, making it inaccessible on the profiles of children under seven years old. The actual change came months ago as part of a larger decision to keep movies that require a content warning off young children’s profiles, some who may not be able to read those warnings, or understand them without their parents’ help. The movies, which also include The Aristocats and Dumbo, are still fully watchable on Disney Plus on adult profiles. They also feature messages from Disney as a preface, pointing out the “harmful impact” of those problematic depictions and encouraging viewers to “learn from it and spark conversation to create a more inclusive future together.” But the change, as these things te ....
Message : Required fields (Reuters) - The National Hockey League and Walt Disney Co said on Wednesday they reached what the NHL commissioner called a groundbreaking seven-year TV, streaming and media rights deal that will bring games to ABC, ESPN and streaming platforms. The partnership, which will begin with the NHL s 2021-22 season, is highlighted by exclusive coverage of the Stanley Cup Final on ABC in four of the seven years of the agreement. Financial terms of the deal were not disclosed but was widely reported to be worth between $2 billion and $2.5 billion. In total, there will be 100 exclusive regular-season games per season across ESPN s networks and streaming platforms. ....