Disney/ABC TV Group launches Disney Channel photo finish app for iPad, iPhone, iPod touch
MUMBAI: US media conglomerate Disney/ABC Television Group is launching the Disney Channel Photo Finish app on iPad, i
MUMBAI: Disney and its subsidiary LucasFilm have announced that production has begun on ?Star Wars Rebels?, an animated television series. Scheduled to premiere in fall 2014 as a one-hour special on Disney Channel, it will be followed by a series on Disney XD channels around the world.
Disney Channels Worldwide president and chief creative officer Gary Marsh said, "The entire team at Lucasfilm has provided extraordinary creativity and innovation for over three decades, and we?re thrilled to be bringing the expansive and imaginative world of Star Wars to Disney XD?s viewers."
Lucasfilm president Kathleen Kennedy said, "I couldn?t be more excited to explore new corners of the Star Wars universe. I think ?Star Wars Rebels? will capture the look, feel and fun that both kids and their parents love about Star Wars."
The series is set between the events of Episode III and IV -- an era spanning almost two decades never-before explored on-screen. ?Star Wars Rebels? takes place in a time where the Empire is securing its grip on the galaxy and hunting down the last of the Jedi Knights as a fledgling rebellion against the Empire is taking shape. Details about the show are a closely guarded secret at this point adds Disney.
?Star Wars Rebels? will be produced by Lucasfilm Animation, featuring many of the key talents that made the earlier show ?Star Wars: The Clone Wars?.
As far as the big screen is concerned Disney plans to make three Star Wars films. The first one releases in 2015.
MUMBAI: US media conglomerate Disney has reported a 32 per cent jump in profits for the second fiscal quarter. Net income was $1.51 billion.
Its media networks, film and theme parks businesses all contributed towards this happy state of affairs. Revenue for the quarter ending 30 March 2013 rose by 10 per cent to $10.55 billion. Diluted earnings per share (EPS) for the second quarter increased to $0.83 from $0.63 in the prior-year quarter. Diluted EPS for the six-months ended 30 March, 2013 was $1.60 compared to $1.43 in the prior-year period.
Disney chairman and CEO Robert A. Iger said, "With adjusted earnings per share up 36 per cent over last year, we?re obviously pleased with our second quarter. Our results reflect our successful strategy, the strength of our brands and the value of our high-quality creative content, all of which continue to drive long-term growth and shareholder value."
Operating income at Cable Networks increased by $224 million to $1.7 billion for the quarter due to growth at ESPN. Higher operating income at ESPN was due to increased affiliate revenues and, to a lesser extent, higher ad revenues, partially offset by increased programming and production costs.
Increased affiliate revenues at ESPN were primarily due to contractual rate increases, a reduction in revenue deferrals as a result of changes in provisions related to annual programming commitments in certain affiliate contracts and international subscriber growth. During the quarter ESPN deferred $120 million of revenue compared to $190 million in the prior-year quarter.
Growth in ESPN ad revenues was primarily due to an increase in units sold and higher rates, partially offset by lower ratings in certain programming. The increase in programming costs was driven by contractual rate increases for college sports.
Operating income at broadcasting decreased by $91 million to $138 million for the quarter due to higher primetime programming costs and a decrease in ad revenue at ABC, partially offset by an increase in ad revenue at the owned television stations. Higher primetime programming costs were driven by increased production cost write-offs and higher cost acquired programming.
The decrease in network ad revenue was primarily due to lower ratings, partially offset by higher rates and increased online advertising.
The revenues in their studio and entertainment division increased by 13 per cent to $1.3 billion. And segment operating income increased by $202 million to $118 million. Higher operating income for the quarter was driven by lower film impairments, due to the write-down on ?John Carter? in the prior year and an increase in worldwide theatrical distribution. Worldwide theatrical distribution results reflected the strong performance of ?Oz The Great And Powerful? and ?Wreck-it Ralph? in the current quarter compared to ?John Carter? in the prior-year quarter.
Parks and Resorts revenues for the quarter increased by 14 per cent to $3.3 billion and segment operating income increased 73 per cent to $383 million.
Results for the quarter were driven by increases in the US and, to a lesser extent, at its international operations. Results at both domestic and international parks and resorts reflected a favorable impact due to a shift in the timing of the New Year?s and Easter holidays relative to the company?s fiscal periods.
Consumer products revenues increased by 12 per cent to $763 million and segment operating income increased by 35 percent to $200 million. Higher operating income was primarily due to increases at merchandise licensing and at its retail business. The increase at merchandise licensing was driven by the performance of Disney Channel, Mickey and Minnie, and Marvel properties, partially offset by lower revenue from sales of Cars merchandise.
Merchandise licensing growth also benefited from a licensee audit settlement. At the retail business, higher operating income was driven by higher comparable store sales in the US and Japan and higher online sales in the US.
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