This morning, The Walt Disney Company announced its fourth-quarter and full-year financial results for the 2019 fiscal year ended September 28, 2019. The fourth-quarter revenue was US$19.10 billion, a 34% increase from the same period last year, and its performance exceeded Wall Street expectations! After the release of the
earnings report, Disney's stock price rose 5% due to a 5% increase, and it closed at $132.96 per share on Thursday.
The Walt Disney Company Chairman and CEO Robert Iger said: "The solid performance in the fourth quarter reflects the continued strength of our major brands and businesses. We have completed the transformation of The Walt Disney Company in the past few years. Combining company-wide resources and unlimited creativity to create an extraordinary experience directly to consumers, we are very looking forward to the launch of Disney on November 12."
▶ Disney Pictures' revenue this quarter rose 52% to 3.3 billion US dollars. The actual revenue of the business segment increased by 79% to $1.079 billion. The increase in revenue was attributed to the strong box office performance of the movies "The Lion King" ($1.65 billion worldwide), "Toy Story 4" ($1.07 billion) and "Aladdin" ($1.051 billion) this quarter.
▶ The revenue of the theme park, experience and consumer products department reached US$6.7 billion, an increase of 8% over the same period last year. Actual revenue increased by 17% to $1.4 billion.
▶ The fourth-quarter revenue of the Direct Consumer Services and International Department rose from US$800 million to US$3.4 billion. Robert Iger said that within five years, users can watch 620 movies and 10,000 TV series on Disney, as well as 60 original content customized for the platform.
▶ Media network revenue increased by 22% to US$6.5 billion. Including cable networks with revenue growth of 20% to US$4.2 billion, and radio programming with revenue growth of 26% to US$2.3 billion.
, which will be officially released on November 12th, will bring users more than 500 movies, 7,500 episodes of TV series, and 10 new original movies and episodes customized for the platform, including Star Wars. The first live-action drama series "The Mandalorian".
Robert Iger also mentioned in the conference call: Within five years, users can watch 620 movies and 10,000 TV series on Disney, as well as 60 original content customized for the platform, covering Disney, Pixar, Marvel, Lucasfilm, National Geographic, Disney Channel and Walt Disney TV.
This morning, Disney announced that it has reached cooperation with Amazon Fire TV, LG, and Samsung to obtain Disney services on related smart TV devices.
On November 12, Disney will be the first to land in the United States, Canada, and the Netherlands, and on November 19 in Australia and New Zealand; from March 31 next year, users in the United Kingdom, Germany, France, Italy, Spain and other European countries and regions will be able to Enjoy this streaming service.
Fox’s related content will be available on Hulu. Starting in March 2020, Hulu will officially become the streaming platform of FX TV, providing up to 40 acclaimed FX all-season TV series and new follow-up dramas. set.
FX studio will also create exclusive original content for the platform. Original content from
ABC Studio, 20th Century Fox TV Studio, 21st Century Fox TV Studio and Fox Film Studio will also be available on Hulu one after another, which will further enhance the platform’s ability to compete in the increasingly competitive direct-to-consumer market. value.
* Disney and 21st Century Fox's ownership of American online streaming service provider Hulu merged with the company's business integration.
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