Disney Streaming Strength Overshadowed by Profit Outlook

Business Performance - General revenue growth was slightly amiss at just 2% [1] - Traditional business segments, including movie studio, cable, and broadcast channels, continue to decline [1] - Growth in streaming and parks has somewhat offset the decline in traditional business [2] Strategic Initiatives - ESPN is being developed into a preeminent digital sports platform, with a direct-to-consumer sports offering launching on August 21st [3] - A deal with the NFL will expand ESPN's programming and content offerings, with the NFL getting a stake in ESPN [3][4] - ESPN will gain control of some of the NFL's media properties, including Red Zone NFL Network, and will get more NFL games [4] - A deal with WWE will bring big live events, including WrestleMania, to bolster the new ESPN product [5][6] - The company aims to grow advertising revenue in streaming through live events [4] Regulatory and Succession Concerns - Regulatory approval may be required for the sports deals, which could present challenges [7] - The succession issue for Bob Iger remains a focus for investors, and the company needs to ensure a successful transition [9][10]