Fox tops estimates as 'Deadpool 2,' cable earnings drive gains [Reuters]
Walt Disney Company (The) (DIS)
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Source: Reuters
Fox tops estimates as 'Deadpool 2,' cable earnings drive gains | Reuters 3 Min Read (Reuters) - Twenty-First Century Fox Inc’s quarterly profit and revenue topped Wall Street targets on Wednesday, thanks to the popularity of edgy superhero movie “Deadpool 2” and as the company’s cable unit earned higher fees from distributors. The results - which showed most of Fox’s businesses were performing above expectations - come as the Rupert Murdoch-controlled media conglomerate prepares to sell the bulk of its film and TV assets to Walt Disney Co in a $71 billion deal. The cash-and-stock transaction has already won approval from U.S. regulators, but awaits the green light from more than a dozen countries, including China, Russia and regulators from the European Union. Fox is on track to close the deal in the first half of 2019, Co-Chairman Lachlan Murdoch said on a conference call with analysts, while reiterating that news and live sports will underpin the profile of the new Fox. Revenue from
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Earnings
- 2/7/24 - Beat
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Sec Filings
- 4/17/24 - Form 8-K/A
- 4/9/24 - Form 8-K
- 4/3/24 - Form 8-K
- DIS's page on the SEC website