Disney Tops Wall Street’s Q4 Estimates on Eve of Streaming Debut

By Christine Zosche 

Disney delivered a strong batch of financial results for its fourth quarter, with diluted earnings per share of $1.07 beating Wall Street analysts’ consensus forecast of 95 cents. (Deadline)

The company’s media networks brought in $6.5 billion in revenue for the quarter. Studio entertainment revenue was $3.3 billion for the quarter and direct-to-consumer, $3.4 billion. Disney shares were up more than 5 percent Thursday. (CNBC)

Disney also announced that FX and Hulu, both of which are owned by Disney, are teaming to launch “FX on Hulu.” The programming hub will feature new original programming as well as become the exclusive home to more than 40 FX series including new and current shows. (THR / Live Feed)

Additionally, with days left until the service’s official launch, Disney and Amazon have struck a deal to carry apps for the Mouse’s upcoming Disney Plus streaming service on Amazon’s Fire TV devices. (Variety)

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