Home / Business / Disney’s second-quarter distinction surges, though radio unit’s handling income declines

Disney’s second-quarter distinction surges, though radio unit’s handling income declines

Walt Disney Co. reported an 11% burst in distinction in a second mercantile quarter, increased by several strike films and expansion in a thesis parks operation.

But a company’s closely watched media networks unit, that includes ESPN, had a tough quarter. Operating income fell 3% to $2.2 billion, that a association attributed in partial to aloft programming costs and subscriber waste during a duration of shake in a radio business.

“ESPN is a biggest plea for a association right now,” pronounced researcher Robin Diedrich of Edward Jones Research. “It is a plea to navigate that transition period, given consumers are shifting.”

Overall, Burbank-based Disney posted net income of $2.4 billion, or $1.50 per share for a entertain finale Apr 1. Revenue climbed 3% to $13.3 billion.

'Ghost In The Shell' film examination by Justin Chang

Caption ‘Ghost In The Shell’ film examination by Justin Chang

Justin Chang reviews “Ghost In The Shell,” destined by Rupert Sanders, starring Scarlett Johansson, Juliette Binoche, Takeshi Kitano, Michael Pitt, Pilou Asbaek and Chin Han. Video by Jason H. Neubert.

Justin Chang reviews “Ghost In The Shell,” destined by Rupert Sanders, starring Scarlett Johansson, Juliette Binoche, Takeshi Kitano, Michael Pitt, Pilou Asbaek and Chin Han. Video by Jason H. Neubert.

PaleyFest 2017: Evan Rachel Wood of ‘Westworld’

Caption PaleyFest 2017: Evan Rachel Wood of ‘Westworld’

Evan Rachel Wood, who plays Dolores Abernathy on HBO’s “Westworld,” discusses her character’s instruction during a finish of Season One.

Evan Rachel Wood, who plays Dolores Abernathy on HBO’s “Westworld,” discusses her character’s instruction during a finish of Season One.

PaleyFest 2017: James Marsden of ‘Westworld’

Caption PaleyFest 2017: James Marsden of ‘Westworld’

James Marsden who plays Terry Flood on HBO’s “Westworld,” talks about his hopes for what might come subsequent for his character.

James Marsden who plays Terry Flood on HBO’s “Westworld,” talks about his hopes for what might come subsequent for his character.

daniel.miller@latimes.com

@DanielNMiller

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UPDATES:

5 p.m.: This essay was updated with additional greeting from analysts.

2:40 p.m.: This essay was updated with additional information about Disney’s opening during a second quarter.

This essay was creatively published during 2:10 p.m.

Article source: http://www.latimes.com/business/hollywood/la-fi-ct-disney-earnings-20170509-story.html

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