Disney's Q2: Waiting For Streaming/Fox To Kick In

Disney (DIS) reported a quiet Q2 earlier in the month. There wasn't much action from the Twenty-First Century side of the company as that acquisition just recently closed and contributed just about nothing to the Mouse (we're talking $25 million in profit all-in). There wasn't any Avengers action, because the quarter closed on March 30.

Basically, the company issued a promissory note: it's going to be in a much more meaningful position about a year from now when we start to see subscriber trends in the new Disney+ direct-to-consumer product. That's the main thing on the minds of those on Wall Street.

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