The streaming giant's shares jumped 12% after it indicated it would return any excess cash to shareholders through buybacks.
“The real bright spot has been our direct-to-consumer business, which is key to the future of our company."
The reorganization comes as the coronavirus pandemic has closed parks and stalled film production.
The company's quarterly earnings and revenue solidly beat forecasts, perhaps opening the door to an early-2019 completion of Fox assets acquisition.
The $71 billion deal won approval from European regulators this week.
When M&A deals are booming, it's important for CFOs to remember that volume fuels mistakes as well as success.
ESPN continued to be a drag on Disney's cable networks unit, which saw a 4% decline in revenue and a 2% drop in operating income.
In his new book, Lawrence Levy details his wild ride with Pixar owner Steve Jobs to the release of 'Toy Story' and a dazzling IPO.
With the $3.8 billion purchase, Comcast's NBCUniversal gains the rights to valuable children's characters and franchises, like Kung Fu Panda.
New digital upstarts are threatening the bottom lines, growth prospects, and even business models of traditional service providers.
Disney's Nanula has his hands full restoring investor confidence.
Amid turnstile heroics at Euro Disney, the villain is still heavy debt. What now for its new CFO?
