For Disney, 2015 was the year the Force awakened and investors freaked out over subscriber declines at flagship network ESPN. Fears over the effects of cord-cutting wreaked havoc on most media stocks last year, but the Mouse House’s media networks booked nearly as much revenue as Disney’s parks and resorts and film studio units combined. Overall, Disney has set new annual revenue records five years in a row and ended 2015 in style with the Star Wars franchise’s record-breaking return to the big screen with The Force Awakens. 0. 2016, the company has another full slate of blockbusters on tap, while Disneyland Shanghai finally opens its gates after years of anticipation. Meanwhile, investors’ cord-cutting fears have tempered a bit, though how to evolve the traditional television model still remains a major concern—and, now, Disney is once again seeking a successor to CEO Bob Iger, whose contract expires in 2018.
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ESPN and the NFL Network will have live coverage, starting Thursday.
ESPN is cutting costs, but it's not going out of business any time soon.
The cable sports giant continues to cut costs amid subscriber losses.
The review of around 1,000 pages of media regulations may begin in late May.
More than 160 local ABC stations will be available for live-streaming.
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Thanks to Hurricane Matthew