NEW YORK (TheStreet) -- The Walt Disney Co.'s (DIS) film slate keeps on giving, and with it there's a consistent appeal for investors who appreciate the power of its Marvel studio behind the record-setting box-office performance this past weekend of Avengers: Age of Ultron.
The share price of the Burbank, Calif.-based was gaining nearly 1% on Tuesday, rising to $112.09, extending gains for the year to date about 19%, following the company's reporting of second-quarter revenue that exceeded expectations.
Disney investors can now look forward to not only more Marvel film releases but also the Dec. 18 release of Star Wars: The Force Awakens, two more Star Wars movies as part of a newly formed trilogy, as well as Frozen 2, a sequel to the highest grossing animated film of all time. Each film promises to be close as a movie studio can aim to planning a guaranteed hit. And for Disney, there's also the potential for outsized merchandise sales.
But while the direction of Disney's movie business is largely clear, its television strategy remains in transition. CEO Robert Iger said he is pleased with Disney's arrangement with the Internet-based video-streaming service of Dish Network (DISH), Sling TV, one of a handful of new "skinny bundle" offerings that bypass pay TV. Iger said he chose not to include Disney channel on Sony's (SNE) PlayStation Vue, explaining that the terms of a proposed arrangement weren't attractive.
Iger was even less enamored with what's transpired between his company and Verizon Communciations (VZ). ESPN -- which Disney owns 80% of -- sued Verizon last week over its new FiOS Custom TV skinny bundle offering. Verizon's Custom TV plans lets customers purchase a skinny bundle of a smaller selection of TV channels and add other channels such as ESPN through "channel packs," which can be changed each month.