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Disney Earnings Day Is Here. Pull Down The Safety Bar

When Disney reports December quarter earnings after the close of trading on Wednesday, the focus will be squarely on the company's streaming business -- and the future of its crumbling cable TV networks.Late Tuesday, just ahead of the earnings report, Disney's ESPN unit, Fox Corp., and Warner Bros. Discovery unveiled plans to create a paid streaming service to share sports assets. The companies said the new platform would launch this fall.The service will cover professional and college sports, including football, basketball, baseball, hockey, and soccer. The streaming platform, which so far has no name, will be offered via a new app, allowing consumers to bundle the product with Disney+, Hulu, and Max.Disney shareholders will be looking for details on the venture -- as well as its continued push to find outside equity investors for ESPN. And they will be looking for evidence the company can stem recent subscriber losses as its flagship Disney+ platform.Bazinet also notes this will be t
Disney Earnings Day Is Here. Pull Down The Safety Bar

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