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The future for entertainment behemoth Disney seems to be fruitful

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The future for entertainment behemoth Disney seems to be fruitful

When you say that you are a fan of Disney, it pretty much covers a vast area of entertainment.

Disney had a huge presence at San Diego Comic-Con, the largest geek and pop culture convention in the world, last month. The famous fandoms such as extremely successful Marvel, beloved Star Wars and even Avatar which comes under 20th Century Fox belong to none other than Disney itself.

Recently, the acclaimed comic book movie Avengers: End Game claimed Avatar’s spot of highest grossed movie of all-time with a worldwide gross of $2,794,509,335.

Disney’s Q3 2019 Earnings report is supposed to be released on August 08, 2019 – Tuesday.

According to Wall Street’s estimates, the revenue would be $21.46 billion, versus $15.23 billion in the same period last year whereas, the estimated earnings per share would be $1.707, versus $1.870 in the same period last year.

Disney is planning to launch their own streaming service which would be a rival to Netflix.

The shares of Disney (NYSE:DIS) is rising and it soared about 30% this year. The share price of Disney was closed at 141.71 USD on August 05, 2019.

(Source: Investor’s Business Daily)

(Reference: The Guardian, Investor’s Business Daily, Markets Insider,
(Featured Image source: REUTERS/Brendan McDermid/File Photo)