Disney tops earnings estimates ahead of streaming launch

The entertainment giant expects revenue in the current quarter to be boosted by the final installment of the ‘Star Wars’ film saga. (AFP)
Updated 10 November 2019
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Disney tops earnings estimates ahead of streaming launch

  • Revenues in the past quarter were boosted by a 52 percent rise in Disney’s studio operation
  • Disney has become the biggest Hollywood player with the acquisition of studio and TV assets from Rupert Murdoch’s 21st Century Fox

SAN FRANCISCO: Walt Disney on Thursday reported better-than-expected quarterly results, fueled by the release of blockbuster films “Aladdin” and “The Lion King” as it prepared for its new streaming television service.
Disney profit in the recently ended quarter was $1.05 billion, down from $2.3 billion a year ago, on revenue that grew 34 percent to $19.1 billion.
The slump in profits came as Disney absorbed key film and television operations of 21st Century Fox and geared up for its launch of the streaming service Disney+ that aims to compete globally against Netflix and others.
“We’ve spent the last few years completely transforming The Walt Disney Company to focus the resources and immense creativity across the entire company on delivering an extraordinary direct-to-consumer experience,” said Disney chief executive Robert Iger.
“We’re excited for the launch of Disney+ on November 12.”
Iger said the company reached a deal for the service to be on Amazon’s Fire TV platform, the latest distribution agreement for Disney+.
Disney shares were up more than five percent in after-market trading following release of the earnings figures.
Revenues in the past quarter were boosted by a 52 percent rise in Disney’s studio operations with box office hits “The Lion King,” “Toy Story 4” and “Aladdin” fueling gains.
The entertainment giant expects revenue in the current quarter to be boosted by the forthcoming release of a sequel to “Frozen” and the final installment of the “Star Wars” film saga.
It will thereafter take a “hiatus” from “Star Wars” box office films but has an array of spin-off shows planned exclusively for its streaming service.
Disney has become the biggest Hollywood player with the acquisition of studio and TV assets from Rupert Murdoch’s 21st Century Fox.
However, integrating Fox into Disney has cost more than expected and the newly added studios have brought in less money than hoped.
Disney saw smaller revenue gains in its cable and broadcasting operations as well as its theme park division.
Iger would not disclose details of pre-sales of Disney+ subscriptions, but said the price — $6.99 monthly — has met with “great enthusiasm” by consumers.
The Disney+ online streaming service will debut in the United States, Canada and the Netherlands before gradually expanding internationally in Europe then rolling out worldwide.
Its films and TV shows will be available, along with the library it acquired from 21st Century Fox. That includes the “Star Wars” and Marvel superhero franchises and ABC television content.
Disney+ will also combine offerings from powerhouse brands including Pixar, with content from Hulu and sports network ESPN.
Apple last week launched a streaming television service that features a budding library of original shows starring big-name celebrities, aimed at winning over its gadget lovers at home and on the go.
The Apple TV+ on-demand streaming service launched in more than 100 countries at $4.99 per month.
Original Apple TV+ shows have so far been met with lukewarm early reviews, but the low subscription price and an offer of year-long memberships free with purchase of the company’s devices was expected to encourage viewers to tune in.
Netflix, meanwhile, has budgeted $15 billion this year for original shows, on top of the billions it has devoted to exclusive productions in recent years.
Amazon, which has deep pockets thanks to its e-commerce and cloud services, has also poured cash into original shows for its Prime Video service.
This sets up a potential spending war among the major streaming players, according to analysts.
Even more competition looms on the horizon, with AT&T’s Warner Media to launch its “HBO Max” in early 2020 after reclaiming the rights from Netflix to stream its popular television comedy “Friends.”
NBCUniversal’s Peacock service is also launching next year.


Recipes for Success: Chef Nutta Laokom offers advice and a prawn pad thai recipe 

Updated 08 January 2026
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Recipes for Success: Chef Nutta Laokom offers advice and a prawn pad thai recipe 

DUBAI: Chef Nutta Laokom did not grow up planning to run a restaurant kitchen. Her earliest memory of cooking is far from polished — a failed attempt at making stir-fried vegetables with her father when neither of them really knew what they were doing.  

But that moment stayed with her. And it sparked a curiosity that eventually became a career. 

Today, Laokom is the head chef at Sip Song, the Thai restaurant at Rixos Premium Dubai JBR, having trained in culinary arts and kitchen management at Dusit Thani College in Thailand. She moved to Dubai in 2019, and has worked with international hospitality groups including IHG and Emirates Flight Catering, experiences that shaped her practical approach to cooking and leadership, she says. Now leading a multicultural team at Sip Song, Laokom believes that tasting, communication and mood matter just as much as technique.  

Sip Song is the Thai restaurant at Rixos Premium Dubai JBR. (Supplied)

When you started out, what was the most common mistake you made?  

Not tasting enough. We work long hours, so sometimes we’re not able to taste every single dish we cook — or our team cooks. And it’s not just about tasting the finished dish — it’s also about tasting all the ingredients we receive in different batches as well. If you miss it even one time, it can sometimes affect the whole dish.  

Let’s take a simple thing we use in Thai cuisine: tamarind paste. Sometimes it’s too sour, sometimes it’s much sweeter, and sometimes it has a hint of saltiness. And this can change your whole dish. So yeah, the mistake I initially made was not tasting enough. 

When you go out to eat, do you find yourself critiquing the food?  

The first thing we have to accept is that taste is personal — there’s nothing right or wrong. It’s simply about whether you like something or you don’t. But if you enter a restaurant as a guest, you can give your opinion to the chef or to the restaurant to help them improve. The most important thing is to do it in a polite way.  

What’s the most common issue that you find in other restaurants? 

Food temperature. And that’s not just about the kitchen — it’s also about how the front-of-house manages the process, from cooking to serving the food within the right time and in the best condition for the guests. We have a very limited window. 

What’s your favorite cuisine or dish to order? 

It depends on my mood. But if I had to choose, I’d say Asian cuisine. As a Thai, I appreciate how Asian food balances multiple flavors, and I find the ingredients used very interesting and diverse.  

What’s your go-to delivery order? 

Delivery is different because you have to make the right decision — when you’re hungry and the food arrives, you can’t fix anything or send it back to the kitchen. So, if we’re talking about Thai food, I usually order papaya salad. It looks simple, but it actually requires many ingredients. If you were to make it yourself, you’d need to buy 10 to 15 ingredients — so it’s better to order it.  

What’s your go-to dish if you have to cook something quickly at home? 

A Thai dish called pad kra pao, which is like stir-fry hot basil. We use only real ingredients and it’s really simple to cook. 

What customer behavior or request most annoys you? 

I think most chefs would say the same thing: it’s when guests change the main ingredients of a dish but still expect it to taste exactly the same. Our job is to make them satisfied, right? We’ll do our best, but the result will obviously be different from the original version. 

What’s your favorite dish to cook and why? 

One time at a gathering my Korean friend taught me how to make gimbap. It’s a rice roll like sushi, but it’s Korean rolls stuffed with spinach and assorted vegetables and egg. Sometimes food isn’t just about eating; it’s about enjoying the process of cooking, especially when you’re with friends or family. That makes the experience much more enjoyable. 

What’s the most difficult dish for you to get right? 

Pad Thai. It’s very complicated because you have to prepare the sauce from scratch, and the thickness can affect the final dish. When cooking the noodles, you must follow each step carefully. There are no shortcuts. If the noodles aren’t soft enough before adding the sauce, the sugar can make them hard. Timing the egg is also important. If it’s added too early or cooked incorrectly, the dish can become mushy. Even with 10 years of experience cooking Thai food, I still make mistakes with this dish.  

As a head chef, what are you like? 

I very rarely shout — almost never. And if I ever do raise my voice, it’s never in front of the whole team. If there’s a mistake, I prefer to speak to the person privately. I don’t believe in correcting people in front of others, because it can affect the team dynamic. I think it’s important to keep the work environment positive. Sometimes we sing, sometimes we dance in the kitchen. I really believe that your mood affects the food. Cooking is an art. When you cook in a good mood, the food turns out better. That’s why I always try to keep myself and my team happy. 

Chef Nutta Laokom’s prawn pad thai recipe  

Prawn pad thai. (Supplied)

Ingredients  

Pad Thai Sauce 

450 g tamarind juice 

310 g palm sugar 

70 g Thai chilli paste (Nam Prik Pao) 

20 g  white sugar granules 

260 g fish sauce 

120 g water 

Prawn Pad Thai 

40 g cooking oil 

30 g shallot sliced 

30 g tofu diced 

5 g dry shrimps (soak in water before use) 

5 g sweet pickled radish 

2 whole eggs 

200 g soaked rice noodles 3 mm. (5 mm. could be used) 

70 g pad Thai sauce 

10 g bean sprout 

Thai green chives baton 

3 fresh prawns 

Lime wedge – garnish 

Roasted peanut crushed – garnish 

Toasted chilli powder - garnish 

 Preparation:  

Pad Thai sauce cooking method: 

Combine all ingredients except the fish sauce and bring to a simmer with low heat until the sauce is thick like corn syrup. 

Add fish sauce when the sauce is still boiling to bring out the bold fragrance. 

Leave the sauce to cool down before use. 

Pad Thai Prawn cooking method: 

Sauté the prawns in heated oil and keep aside. 

Add eggs into the hot oil to make it scrambled and push it aside. 

Add shallot, dry shrimps, tofu and pickled radish to saute until the shallot is soft and fragrant. 

Blanch rice noodles in boiling water for a few seconds then saute along with the ingredients from step 3. 

Add Pad Thai sauce. Stir until the noodles absorb the sauce properly. 

Add sauteed prawn, bean sprouts and chives. Quickly mix with the noodles and remove from the heat. 

Plating:  

Place the noodles at the centre of the plate and the prawns on the side or top. 

Garnish with a small amount of bean sprout, lime wedged, crushed roasted peanut and toasted chilli powder (adjust the amount according to your preferred level of spiciness). 

Squeeze the lime and mix all the garnishes thoroughly then enjoy your flavorful Pad Thai prawn.