Second Quarter 2012 Highlights :
- Net revenues increased 12.2% to $328 million
- Operating income increased 19.4% to $98 million
- AOCF 1 increased 13.6% to $127 million
Disney shares have fallen as the company prepares to launch a streaming service to counter Netflix, but it retains an advantage over the streaming giant.
The streaming services have signed two of the biggest TV serial creators in Hollywood, further intensifying the race among entertainment and tech companies for top talent.
Kirkman inked a two-year deal with Amazon.
Discovery and Scripps could combine their networks as part of an over-the-top service.
AMC Networks reported growth in advertising sales, a rare positive in an otherwise mixed picture for owners of cable-TV networks.