Walt Disney's parks and resorts revenue increased 12%. On the other hand, Disney reported a 9% drop in 3Q17 earnings due to higher programming costs and lowering subscribers at its ESPN sports channel. alphastreet.com/bite/c8143b5
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Attendance up? The parks are packed!
I think Disney (and ABC and ESPN) just need to focus a bit more on shows and movies. The competition is stiff for them!
I do not think their ESPN problems have that much to do with ESPN itself, but rather people moving away from premium channel subscriptions. Netflix, Prime, and Hulu do not help!
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Not looking good. I expect them to continue that trend if they don't get attendance up and continuing to have issues with ESPN.