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Bob Iger Spills Details About Disney’s ESPN And Netflix-Like Streaming Services

The Walt Disney Company released the first details surrounding its new over-the-top streaming services during a fourth-quarter earnings call on Thursday. On the call, CEO and chairman Bob Iger said Disney’s ESPN-branded app, which will launch next spring, will be called ESPN Plus, and that the Disney entertainment service, due out in the spring, will be priced lower than Netflix. Disney’s direct-to-consumer plans are a huge focus of the company going forward—Iger called them “our highest priority this year”—and anticipation over the forthcoming services may obscure the company’s overall lackluster performance this quarter. Disney’s reported revenue of $12.8 billion was down 3% from the previous year’s quarter. The decline was due to a lack of big movie releases, a drop in subscribers and advertising at ESPN, and Hurricane Irma, which forced Florida’s Walt Disney World theme park to close for two days. Disney shares fell 4% in after-hours trading.

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Bob Iger Spills Details About Disney’s ESPN And Netflix-Like Streaming Services

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