Disney Sees Theme Park & Streaming Profit, Studio Red Ink In FYQ2 Amid Flurry Of ESPN News

Total revenue rose 2% for Disney's fiscal third quarter to $23.7 billion, in line to a hair lower than forecasts. Adjusted earnings per share was a big beat at $1.61, up from $1.39. Operating income across the media giant's three reporting segments – Entertainment, Experiences and Sports — grew 8% to $4.6 billion. The latter division led by ESPN is taking center court with two major announcements over the past 12 hours: the timing and price of ESPN's new streaming service; and ESPN acquiring the NFL Network ...