Page 24 - ARUBA TODAY

A24 TECHNOLOGY
Thursday 9 augusT 2018
Disney says its new streaming service won't rival Netflix

By MAE ANDERSON ing one-time items like a
AP Technology Writer benefit from lower federal
NEW YORK (AP) — Disney's tax rates, income was $1.87
upcoming streaming ser- per share. The average es-
vice won't try to compete timate of four analysts sur-
directly with Netflix and veyed by Zacks Investment
Amazon, but will focus in- Research was for adjusted
stead on quality — namely earnings of $1.97 per share.
original programs from Dis- Revenue rose 7 percent to
ney's "Star Wars," Pixar and $15.23 billion in the period,
Marvel brands. short of the $15.49 billion
The details from Disney expected by four analysts
CEO Bob Iger came as Dis- surveyed by Zacks.
ney reported a growth in Revenue from the movie
earnings for the latest quar- and TV production business
ter, though results missed jumped 20 percent to $2.88
expectations. billion, boosted by a strong
With Comcast out of the box office for "Avengers:
bidding war, Disney is plan- Infinity War" and "Incredi-
ning to move forward with bles 2." Disney's television
its $71.3 billion purchase of networks also saw gains,
Fox's entertainment assets, including at ESPN, despite
in part to boost a Disney- In this Nov. 16, 2017, file photo, a visitor walks past a display of Disney characters inside an the higher NBA costs and
branded streaming service exhibition entitled "Mexico and Walt Disney: A Magical Encounter," at the he Cineteca Nacional, lower advertising revenue.
set to launch in late 2019. Mexico's film archive, in Mexico City. The one business that saw
Disney's shareholders and Associated Press a drop in revenue was also
U.S. regulators have ap- ray of programming start- service are a live-action ing agreements already in Disney's smallest segment,
proved the Fox bid. Disney ing at $8 a month. With the "Star Wars" series, new epi- place with other compa- Consumer Products and
is awaiting regulatory ap- Disney-branded entertain- sodes of the animated "Star nies, so they won't be avail- Interactive Media. Gains
proval overseas. ment service, Disney will Wars" series "Clone Wars," a able, at least initially. in products related to the
In a statement, Iger said he have more control over its live-action version of "Lady But Iger said that movies Avengers weren't enough
was excited about "oppor- movies and TV shows from and the Tramp" and new Disney plans to release in to offset lower revenue
tunities ahead for contin- creation to distribution. series related to the "High 2019, including "Captain from "Spider-Man" and
ued growth." That ultimately gives Disney School Musical" and "Mon- Marvel," ''Dumbo," "Toy "Cars."
Disney is building the more data to gauge its au- sters Inc." movies. Story 4" and "Frozen 2," Disney shares have risen
streaming service as more dience. Launching the streaming won't be encumbered by slightly more than 8 percent
people switch from tradi- Though a price for the up- services is Disney's biggest licensing deals and can go since the beginning of the
tional cable TV bundles to coming entertainment ser- priority next year, Iger said. straight to the service soon year, while the Standard &
streaming online though vice hasn't been set, Iger "There will be a significant after their theatrical releas- Poor's 500 index has risen
services like Amazon and told analysts during a con- amount of support given es. almost 7 percent. In the fi-
Netflix. ference call that the price across all of our assets to In the fiscal third quarter, nal minutes of trading on
Disney just launched a $5-a- will reflect a lower volume see to it that the product Disney's net income rose Tuesday, shares hit $116.56,
month ESPN Plus streaming of shows and movies. Net- launches successfully." 23 percent to $2.92 billion, an increase of almost 10
service with sports. If the flix plans range from $8 to Some of Disney's properties, or $1.95 per share, from percent from a year ago.
Fox deal closes, it will have $14 a month. such as the original "Star $2.37 billion, or $1.51 per In after-hours training, Dis-
a controlling stake in Hulu, In the works for the Disney Wars" trilogy, have licens- share, a year ago. Exclud- ney's stock fell 49 cents to
which offers a broad ar- $116.07.q
Facial recognition system set

to be used in Olympic security

will be customized to moni- under hot weather. showed gate checks using
tor every accredited per- Tsuyoshi Iwashita, Tokyo the facial recognition was
son — including athletes, 2020 executive director of more than twice the pace
officials, staff and media security, said venues that of the conventional system
— at more than 40 venues, are spread within and out- using X-ray with visual siting
games villages and me- side of the capital would by security guards.
dia centers, Olympic and be a big burden in achiev- The facial images of ev-
company officials said ing high levels of security. ery accredited person for
Tuesday. "By introducing the face the Olympics and Para-
A staff demonstrates a new face recognition system used for Local organizers said To- recognition system, we lympics will be collected
the Tokyo 2020 Olympic and Paralympic Games during a kyo will be the first Olympic hope to achieve high lev- after the approval process
press conference in Tokyo Tuesday, Aug. 7, 2018. host to introduce the face els of safety, efficiency and stored in a database
Associated Press recognition technology and smooth operation at to be used to verify identi-
By MARI YAMAGUCHI organizers work to keep at all venues. The system security check points be- ties at accreditation check
Associated Press security tight and efficient is expected to effectively fore entry," he said, adding points.NEC says its biomet-
TOKYO (AP) — A facial at dozens of venues during eliminate entry with forged that the system would con- ric identification technol-
recognition system will be the 2020 Games. IDs, reduce congestion at tribute to less stressful envi- ogy is used at airports and
used across an Olympics The NeoFace technology accredited waiting lines ronment for athletes. elsewhere in 70 countries,
for the first time as Tokyo developed by NEC Corp. and reduce athletes' stress Iwashita said a test last year including Japan.q