In a call with analysts on Tuesday, Aug. 10th, 2010, to discuss third quarter earnings, Walt Disney Co. CEO Bob Iger "said the company would become ‘aggressive’ in experimenting with how soon it release its movies to the home through video-on-demand services," reports the Los Angeles Times’ Company Town blog.
According to the article, "Other Hollywood studios are mulling making movies available to the home before their DVD release. Iger declined to talk about the timing or provide other specifics.’It’s too early to make predictions on that,’ Iger said. ‘I think it presents an interesting opportunity. There are people who we believe would like to see movies sooner rather than later and would pay a premium price on that.’ "
Disney’s third-quarter earnings, helped by ESPN’s World Cup soccer coverage and the NBA finals,
jumped 40% to $1.3 billion, while revenue rose 16% to $10 billion, the article noted.
Revenue at Disney’s cable networks jumped 28% to $3.2 billion, the story says. Advertising at Disney’s broadcast unit was basically flat. Iger also said the company’s film studio helped its performance, with movies such as "Toy Story 3" and "Iron Man 2."
Iger deflected a question about whether ABC would see a broader management shakeup after the departure of Entertainment Group President Steve McPherson, the story says. He also didn’t talk about McPherson, but instead only spoke about his successor, Paul Lee, and noting his track record at ABC Family, the article adds.