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Disney Streaming and Parks Shine in Fourth Quarter, but Some TV Networks, Movies Weaker

This image released by Disney shows the Silver Surfer, portrayed by Julia Garner, in a scene from "The Fantastic Four: First Steps." (Marvel/Disney via AP)
This image released by Disney shows the Silver Surfer, portrayed by Julia Garner, in a scene from "The Fantastic Four: First Steps." (Marvel/Disney via AP)
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Disney Streaming and Parks Shine in Fourth Quarter, but Some TV Networks, Movies Weaker

This image released by Disney shows the Silver Surfer, portrayed by Julia Garner, in a scene from "The Fantastic Four: First Steps." (Marvel/Disney via AP)
This image released by Disney shows the Silver Surfer, portrayed by Julia Garner, in a scene from "The Fantastic Four: First Steps." (Marvel/Disney via AP)

Disney's fourth-quarter performance was mixed as a weaker performance from its television networks and some films was buffered by strength in its streaming business and theme parks.

Disney is still trying to work out a new licensing deal with YouTube after its content went dark on YouTube TV late last month, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC.

The Walt Disney Co. earned $1.31 billion, or 73 cents per share, for the three months ended Sept. 25. It earned $460 million, or 25 cents per share, in the prior-year period.

Stripping out one time charges and costs, earnings were $1.11 per share. That's better than the $1.03 per share that analysts polled by Zacks Investment Research predicted, The AP news reported.

Revenue for the Burbank, California, company totaled $22.46 billion, short of Wall Street’s estimate of $22.86 billion.

Revenue for Disney Entertainment, which includes the company’s movie studios and streaming service, dropped 6%, while revenue for the Experiences division, its parks, climbed 6%.

Operating income from linear networks dropped 21% and revenue slipped 16%. Disney said that the operating income decline was driven by the Star India transaction, as Star India contributed $84 million to its year-ago results. Operating income for domestic linear networks fell 7% due to lower advertising driven by declines in viewership and political advertising.

Disney said that its movie distribution results were weaker when compared with the same period last year, which was buoyed by “Deadpool & Wolverine” and spillover receipts from “Inside Out 2.” Films released during the most recent quarter included “The Fantastic Four: First Steps,” “The Roses” and "Freakier Friday."

Disney’s direct-to-consumer business, which includes Disney+ and Hulu, posted quarterly operating income of $352 million compared with $253 million a year ago. Revenue rose 8%.

The Disney+ streaming service had a 3% increase in paid subscribers domestically, which includes the U.S. and Canada. There was a 4% rise internationally, which excludes Disney+ HotStar.

Total paid subscribers for Disney+ came to 132 million subscribers, up from 128 million in the third quarter.

Disney+ and Hulu subscriptions totaled 196 million, an increase of 12.4 million from the third quarter.

The strong streaming results come shortly after the entertainment company saw Disney+ and Hulu subscription cancellations climb in September when ABC briefly cancelled “Jimmy Kimmel Live!. ”

Data from subscription analytics company Antenna showed that Disney+ and Hulu subscription cancellations rose in September when ABC briefly cancelled “Jimmy Kimmel Live!.”

Walt Disney Co. owns the streaming platforms and ABC. ABC pulled the show off the air for less than a week in September in the wake of criticism over his comments related to the killing of conservative activist Charlie Kirk.

Prior to the incident, Disney had said in August that it anticipated that total fourth-quarter Disney+ and Hulu subscriptions would increase more than 10 million compared with the third quarter, with most of the increase coming from Hulu due to the expanded Charter deal. The company had also expected a modest increase in the number of Disney+ subscribers in the fourth quarter.

Disney also previously announced that it will stop reporting the number of paid subscribers for Disney+, Hulu and ESPN+ streaming services because the metric has become less meaningful for evaluating the performance of its businesses. The company will stop reporting the metric for Disney+ and Hulu beginning with fiscal 2026’s first quarter and no longer reports the figure for ESPN+ starting with fiscal 2025’s fourth quarter.

The Experiences division, which includes Disney’s six global theme parks, its cruise line, merchandise and video game licensing, reported operating income climbed 13% to $1.88 billion. Operating income increased 9% at domestic parks. Operating income surged 25% for international parks and Experiences.

Disney maintained its forecast for double-digit adjusted earnings per share growth for fiscal 2026 and fiscal 2027.

Disney's stock fell 5% before the market open on Thursday.

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Entertainment

Rapper Lil Jon Confirms Death of His Son, Nathan Smith

Lil Jon performs at Gronk Beach music festival during Super Bowl week on Saturday, Feb. 11, 2023, at Talking Stick Resort in Scottsdale, Ariz. (AP)
Lil Jon performs at Gronk Beach music festival during Super Bowl week on Saturday, Feb. 11, 2023, at Talking Stick Resort in Scottsdale, Ariz. (AP)
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Rapper Lil Jon Confirms Death of His Son, Nathan Smith

Lil Jon performs at Gronk Beach music festival during Super Bowl week on Saturday, Feb. 11, 2023, at Talking Stick Resort in Scottsdale, Ariz. (AP)
Lil Jon performs at Gronk Beach music festival during Super Bowl week on Saturday, Feb. 11, 2023, at Talking Stick Resort in Scottsdale, Ariz. (AP)

American rapper Lil Jon said on Friday that his son, Nathan Smith, has died, the record producer confirmed in a joint statement with Smith’s mother.

"I am extremely heartbroken for the tragic loss of our son, Nathan Smith. His mother (Nicole Smith) and I are devastated,” the statement said.

Lil Jon described his son as ‌an “amazingly talented ‌young man” who was ‌a ⁠music producer, artist, ‌engineer, and a New York University graduate.

“Thank you for all of the prayers and support in trying to locate him over the last several days. Thank you to the entire Milton police department involved,” the “Snap ⁠Yo Fingers” rapper added.

A missing persons report was ‌filed on Tuesday for Smith ‍in Milton, Georgia, authorities ‍said in a post on the ‍Milton government website.

Police officials added that a broader search for Smith, also known by the stage name DJ Young Slade, led divers from the Cherokee County Fire Department to recover a body from a pond near ⁠his home on Friday.

"The individual is believed to be Nathan Smith, pending official confirmation by the Fulton County Medical Examiner’s Office,” the post continued.

While no foul play is suspected, the Milton Police Department Criminal Investigations Division will be investigating the events surrounding Smith’s death.

Lil Jon is a Grammy-winning rapper known for a string ‌of chart-topping hits and collaborations, including “Get Low,” “Turn Down for What” and “Shots.”

Entertainment

Keke Palmer Is a Fish Out of Water in Horror-Comedy Series Based on Cult Movie ‘The ’Burbs’

Keke Palmer and Jack Whitehall attend Premiere Event Of Peacock's "The 'Burbs" at Universal Studios Backlot on February 05, 2026 in Universal City, California. (Getty Images/AFP)
Keke Palmer and Jack Whitehall attend Premiere Event Of Peacock's "The 'Burbs" at Universal Studios Backlot on February 05, 2026 in Universal City, California. (Getty Images/AFP)
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Keke Palmer Is a Fish Out of Water in Horror-Comedy Series Based on Cult Movie ‘The ’Burbs’

Keke Palmer and Jack Whitehall attend Premiere Event Of Peacock's "The 'Burbs" at Universal Studios Backlot on February 05, 2026 in Universal City, California. (Getty Images/AFP)
Keke Palmer and Jack Whitehall attend Premiere Event Of Peacock's "The 'Burbs" at Universal Studios Backlot on February 05, 2026 in Universal City, California. (Getty Images/AFP)

The suburbs are anything but bland in the new Peacock series “The 'Burbs,” where strange things are going on. Like how jokes mix with the dread.

Inspired by the 1989 Tom Hanks-led movie of the same name, “The 'Burbs” follows a new mom as she navigates a foreign world of white picket fences and manicured lawns while also investigating a possible murder.

“It’s got the comedy, it has the drama, it's got the mystery, it's got the horror, the thrills, the suspense — all of it,” says Celeste Hughey, the creator, writer and executive producer. All eight episodes drop Friday.

Hanks is replaced by Keke Palmer, who plays a newlywed and new mom who moves into her husband's family home in fictional Hinkley Hills, where everyone is in everybody else's business. “Suburbia is a spectator sport,” she is told.

Across the street is an abandoned home, where a local teen disappeared decades ago. Palmer's Samira soon joins forces with a band of off-beat suburbanites to help solve the case, even if her own husband had some sort of role.

“I really wanted to focus on that fish-out-of-water feeling, centering Samira as a Black woman in a white suburb who is a new mom, a new wife — new everything — and trying to figure out where she belongs in the environment,” says Hughey.

The cast includes Jack Whitehall as Samira's husband and the trio of Julia Duffy, Mark Proksch and Paula Pell as her wine-swilling, investigating neighbors who form a sort of found family.

“The movie came out when I was quite young, but I remember seeing it as a kid and it being like this terrifying movie to me,” says Hughey. “But revisiting it as an adult, it's just like the most timely movie.”

The scripts crackle with witty humor, from references to Marie Kondo to “Baby Reindeer,” and jokes often improvised by the actors. Chocolate brownies are described as “the Beyoncé of desserts” and there’s a joke about how white ladies love salad.

“The ’Burbs” also touches on more serious issues over its eight episodes — microaggressions, racial profiling, bullying and childhood trauma — but takes a kooky, off-beat approach.

“I always look at things with a sense of humor,” says Hughey. “I think comedy is a way to be able to examine all these pretty heavy subjects, but in a way that’s accessible, in a way that is clarifying.”

Palmer says she grew up watching Norman Lear shows and admired his ability to both entertain and address social tensions — something she found in “The 'Burbs.”

“When I read this script for the first time, then as we started doing the show, it started to become clear that we had an opportunity to do the same thing,” Palmer says. “We can expose cliches, we can lean into things, which is one of the greatest tools of satire and comedy in itself, and horror as well, because horror can play as a good allegory for the issues in our life.”

Whitehall, who grew up in the London suburb of Putney, says he appreciates that the social commentary never feels that heavy handed between the comedy and horror: “It was great to sort of be able to play in both genres.”

There are multiple nods to the original movie, like picking the last name Fisher after the late actor Carrie Fisher, who appeared in the Hanks-led version, and naming a dog Darla after the name of the pup who starred in the 1989 version. Hanks, himself, appears in a blink-or-you’ll-miss-it image.

There’s a scene where Samira steps onto her neighbor’s grass and leaves suddenly swirl around her feet menacingly, an echo to the original. And there’s a moment when sardines and pretzels are served, a riff off a classic moment in the movie. The creators even asked original actor Wendy Schaal to return to play the town librarian.

“I really wanted to honor the original fans of the movie and make sure that they see that someone who respects the original material and loves the movie had it in their hands,” says Hughey. “I see the fans.”

Hughey said she wrote the series with Palmer's voice in mind, a piece of manifesting that turned out to actually work when she first met Palmer over a year later.

The music ranges from Bill Withers' “Lovely Day” to Steve Lacy's “Dark Red” to Doechii’s “Anxiety” and Big Pun's “I'm Not a Player.”

“Music is very much a part of my creative process and something that I wanted to stand out in the show as well,” says Hughey. “I got to pull in so many of my inspiration songs.”

Entertainment

Kurt Cobain's 'Nevermind' Guitar Up for Sale

Guitars are displayed during a press preview of The Jim Irsay Collection at Christie's Los Angeles in Beverly Hills, California, on February 5, 2026. (Photo by VALERIE MACON / AFP)
Guitars are displayed during a press preview of The Jim Irsay Collection at Christie's Los Angeles in Beverly Hills, California, on February 5, 2026. (Photo by VALERIE MACON / AFP)
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Kurt Cobain's 'Nevermind' Guitar Up for Sale

Guitars are displayed during a press preview of The Jim Irsay Collection at Christie's Los Angeles in Beverly Hills, California, on February 5, 2026. (Photo by VALERIE MACON / AFP)
Guitars are displayed during a press preview of The Jim Irsay Collection at Christie's Los Angeles in Beverly Hills, California, on February 5, 2026. (Photo by VALERIE MACON / AFP)

The guitar played by late rock legend Kurt Cobain on the anthemic grunge track "Smells Like Teen Spirit" is going under the hammer next month.

 

The 1966 Fender Mustang is among a treasure trove of instruments and musical memorabilia that also includes the logo-emblazoned drum that announced The Beatles to the United States when the Fab Four played "The Ed Sullivan Show" in 1964.

 

The Jim Irsay collection -- put together by the one-time owner of the Indianapolis Colts NFL team -- includes guitars played by musicians who defined the 20th century, including Pink Floyd's Dave Gilmour, The Grateful Dead's Jerry Garcia, as well as Eric Clapton, John Coltrane and Johnny Cash.

 

But at the center of the collection are handwritten lyrics for The Beatles' smash "Hey Jude" as well as guitars played by John Lennon, Paul McCartney and George Harrison.

 

"I think it's fair to say that this collection of Beatles instruments...is the most important assembled Beatles collection for somebody who wasn't a member of the band," Amelia Walker, the London-based head of private and iconic collections at Christie's, told AFP in Beverly Hills.

 

"There are five Beatles guitars in his collection, as well as Ringo Starr's first Ludwig drum kit (and) John Lennon's piano, on which he composed several songs from Sergeant Pepper."

 

Also included is "the drum skin from Ringo's second Ludwig kit, which is the vision which greeted 73 million Americans who tuned in to watch 'The Ed Sullivan Show' on the ninth of February 1964 when the Beatles broke America."

 

The drum kit is expected to fetch around $2 million, while the guitars could sell for around $1 million at the auction in New York, Christie's estimates.

Perhaps the most expensive item in the collection is Cobain's guitar, which experts say might sell for up to $5 million.

"It's a talismanic guitar for people of my generation... who lived through grunge," said Walker.

"(Smells Like Teen Spirit) was the anthem of that generation. That video is so iconic.

"We're incredibly proud and privileged to have that here."