A trio of early summer movies are expected to be the centerpiece of Walt Disney Co.’s third-quarter earnings, countering weak TV results and setting up a strong pipeline for investors to cheer as they await more details on the launch of the Disney + streaming service.
. That would put the studio just slightly below its $8.98 billion record of last year, projects veteran media analyst Michael Nathanson.
The impending launch of Disney+ comes at a time when Disney’s cable and network television business, the Media Networks segment, is struggling with ratings declines and accelerating subscriber losses. Investors will also look to results from Disney’s theme parks, a lucrative corner of the entertainment conglomerate’s empire. Disneyland Anaheim opened its Star Wars-themed Galaxy’s Edge attraction on May 31, though Juenger notes “widespread reports reveal that the park has been surprisingly empty after its launch.”
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