Walt Disney prepares for a prolonged battle with YouTube TV over network distribution, missing revenue expectations. Analysts project a $60 million loss for Disney during a 14-day blackout on YouTube TV. CEO Bob Iger emphasizes the value Disney brings, as the company invests more in streaming and parks amid traditional TV decline.

Disney announces a 50% dividend increase and doubles share buyback plan. Quarterly revenue matches last year’s at $22.5 billion, falling short of analyst forecasts. Profit rises in theme parks but declines in traditional TV unit. Disney+ and Hulu gain 12.5 million subscribers, totaling 196 million.

Disney explores AI technology to enhance subscriber experience and create short-form content on Disney+. Operating income in entertainment division decreases by over a third. CEO Iger anticipates naming successor in early 2022. Disney aims to leverage AI to improve direct-to-consumer platforms and engage consumers.

Read more at Yahoo Finance: Disney warns of potentially long dispute with YouTube TV, shares fall