Posted on 02/09/2016 4:42:01 PM PST by Citizen Zed
Disney just posted the best quarterly earnings in the company's history. So why was its stock down more than 4% in after-hours trading? Four letters: ESPN.
The Burbank, Calif. entertainment giant on Tuesday posted earnings of $1.63 per share, or $2.9 billion in total, for the quarter ending Jan. 2, beating analysts' expectations of $1.45 per share. The massive haul came in large part thanks to The Force Awakens, which has now grossed more than $2 billion globally, not to mention massive amounts of merchandising and licensing revenue. Disney's movie studio division made $1 billion in profit all by itself, an 86% increase year-over-year.
But the world long knew that Star Wars was going to be a huge hit, and investors typically don't reward good news when it's that predictable. Instead, Wall Street has been zeroing in on Disney's massive television business, of which ESPN is the crown jewel. The sports network is the most valuable channel on the television dial by a huge margin, earning Disney more than $6 in for every cable subscriber that receives it. But it's also a massively expensive enterprise. ESPN's costs are in part to blame for a 6% drop in profits at Disney's TV business, the only of Disney's four divisions to backslide this quarter.
(Excerpt) Read more at time.com ...
Terrible. The saga ended in 1983 for me
That’s not a plot hole. That’s set up for things to come. It’s obvious that she’s got holes in her memory, and that she’s been on that island with Luke, so it’s entirely possible that she’s already been trained in the Force and forgot, either from having her mind wiped or through trauma. Just look at the kids in the prequels being taught the Force. She was older than that when she was ditched on Jakku.
Right, her predictable omnicompetence (John Nolte’s word) is a big part of why the movie is a total snoozefest.
That’s not a plothole, either. The ONE ship shown getting stripped for sellable parts was a wrecked Star Destroyer which couldn’t possibly be repaired. Just because you’re a scavenger, that doesn’t mean you scavenge working vehicles, which is ridiculous. That’s like saying because you work in a junkyard you’ll take your working car and strip it for parts.
Lucas was too much in love with CG to worry about handling actors.
I didn't care for "Return of the Jedi". I thought it jumped the shark there.
Nothing that followed it was even worth seeing. Utter garbage meant for little kiddies.
The movie was boring, predictable and quite thin on story line.
Frankly, it was a waste of time and money.
(To be honest, I was "required" to see it but I didn't really want to.)
I knew what it was going to be like.
I don't blame Harrison Ford for wanting to be killed off.
It’s not just ESPN.
The Disney Channel is a sewage pipeline right into your house.
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