Disney's 1st-Qtr Earnings Prove to Be a Mixed Bag

The transcript discusses Disney's financial challenges due to ESPN's decline, including subscriber losses and increased NBA rights fees. Despite this, investor reactions have been muted, possibly due to Disney's prior communication about these issues. Disney is addressing the decline by investing in online platforms and lower-cost TV packages. Additionally, Disney's theme parks and film business, bolstered by acquisitions like Pixar and Marvel, are helping offset ESPN's financial impact.

What investments has Disney made to offset the decline in ESPN's performance?

What has been the trend in Disney's film business according to the text?