Milan, Nov 9 (AP/UNB) — The Salvatore Ferragamo fashion house says earnings in the first nine months of the year were down 17.5 percent as sales of the trademark footwear slumped.
The leather goods and apparel maker on Thursday reported net profit of 65 million euros ($74 million) in the period, compared with 79 million euros in the first nine months of 2017.
Revenue was down 3.3 percent to 972 million euros, from 1 billion euros in the same period last year, with decreases in every region. Asia Pacific remained the brand's biggest market, even with a 2 percent drop in sales. Sales were down 5.5 percent in Europe and 4 percent in North America.
Footwear sales dropped by 4.3 percent, while handbags and accessories increased by 3.4 percent. Fragrance sales also increased.
New York, Nov 9 (AP/UNB) — Walt Disney Co.'s earnings for the latest quarter sailed passed expectations, boosted by a strong slate of movies such as "Incredibles 2" as the company moves toward closing its $71.3 billion deal to buy 21st Century Fox's entertainment assets.
Disney and other media companies are facing a shifting landscape as more TV watchers switch to streaming rather than traditional cable bundles.
But Disney's diversified entertainment portfolio, which runs from films and cable channels to theme parks, helped buoy its results. Studio entertainment revenue, which includes theater box office and streaming, jumped 50 percent to $2.15 billion on the strength of films such as "Avengers: Infinity War" and the latest "Ant-Man" movie.
Net income for the quarter ended Sept. 29 rose 33 percent to $2.32 billion, or $1.55 per share, from $1.75 billion, or $1.14 per share last year. Excluding one-time items, net income totaled $1.48 per share. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The Burbank, California-based company's revenue rose 12 percent to $14.31 billion from $12.78 billion last year. Four analysts surveyed by Zacks expected $13.81 billion.
A reduced tax rate also boosted results by $1.2 billion.
Disney is building its streaming service offerings. It launched $5-a-month ESPN Plus streaming service with sports in April. And a Disney-branded streaming service is expected to launch later next year.
In a call with analysts Thursday CEO Bob Iger gave a few new details about the new streaming service, which will be called Disney Plus. No pricing has been disclosed.
The company plans to keep investing in Hulu and use it as a home for more general programming. Family-friendly shows and movies will head to Disney Plus.
The streaming service will feature five categories of material: Disney, Pixar, Marvel, Star Wars and National Geographic. Original programming will include "The Mandalorian," the first live action Star Wars series, created by Jon Favreau; a rebooted "High School Musical" series and a new documentary series focused on Disney.
Disney Plus will also produce original movies specifically for streaming. Initial titles will include a prequel to the "Star Wars" film "Rogue One" starring Diego Luna; "Noelle," starring Anna Kendrick as the daughter of Santa Claus; a live-action "Lady and the Tramp" and a movie about the Marvel character Loki starring Tom Hiddleston.
With the pending Fox deal, Disney now also takes a controlling stake in streaming service Hulu, which is jointly owned by Disney, Fox, Comcast and AT&T.
The Fox acquisition is expected to close at the beginning of next year. With it, Disney gets Fox TV and film studios, Marvel's X-Men and Deadpool, along with programs shown on such Fox channels as FX Networks and National Geographic. Fox's productions also include "The Americans," ''This Is Us" and "Modern Family."
Dhaka, Nov 7 (UNB) - AR Kids Media, a South Asia based kids television journalism institute is looking to expand their reach to the entire SAARC Region.
Arif Rahman, chief executive of the media agency, asserted that AR Kids Media is the first media agency for children in Bangladesh and South Asia, said a press release on Wednesday.
The agency released a statement saying that it has taken several initiatives to train children in becoming media officials.
He also said that foreign media experts will provide training alongside those from Bangladesh.
After gaining massive success in its first four years in the country, AR Kids is ready to become a huge platform for children of South Asia to help them express their rights and wants to their respective national leaders, said the media chief.
New York, Nov 7 (AP/UNB) — The music industry is honoring Ariana Grande.Billboard on Tuesday named the 25-year-old award-winning singer its 2018 Woman of the Year. Grande will receive the award at Billboard's 13th annual Women in Music event on Dec. 6 in New York City.
Previous recipients include Taylor Swift, Lady Gaga, Madonna and Selena Gomez.
In a statement Billboard's vice president of content Ross Scarano says Grande "consistently stands up for herself and her decisions in a world that often isn't hospitable to that sort of strength in young women."
In the past year, Grande has had Top 40 hits including "No Tears Left To Cry," ''Breathin'" and "God Is A Woman."
She helped organize the One Love Manchester concert last year, raising more than $23 million for victims of the Manchester bombing.
Kaohsiung, Nov 6 (AP/UNB) — A sprawling complex of four theaters billed as the biggest performing arts center in the world has opened in southern Taiwan.
The National Kaohsiung Center for the Arts houses a 1,981-seat concert hall, a 2,236-seat opera house, a play house and a recital hall under a single roof covering 3.3 hectares (8.2 acres).
The opening season offers a range of artistic performances. The debut installation opera "Paradise Interrupted" is an international co-production with New York's Lincoln Center Festival, the Spoleto Festival USA and the Singapore International Festival of Arts. The Berlin Philharmonic Orchestra under Gustavo Dudamel, who conducts in Taiwan for the first time, will perform in the venue's vineyard-style concert hall.
The center, which opened last month, was built over eight years at a cost of NT$10.7 billion ($350 million) on the site of a former military barracks in Kaohsiung, a southern city of about 2.8 million people. Residents still call the new center by the name of the military camp, Weiwyuing.
Performers are seeing the new venue as an opportunity.
"Not many people can say that they have performed" at Weiwyuing, said Chloe Young, a member of the Sydney Dance Company. She said it was an honor to be dancing there. "And I think it's really gonna boost my career, saying I performed in Taiwan, in an amazing theater, amazing facility, and I feel super super lucky."
The design by Dutch architecture firm Mecanoo reflects the port city's tropical location and maritime links. It includes an undulating white roof and a large public space with hoists and other cargo ship features.
"I think what is really unique is this roof, what was inspired by the banyan trees with the crown," said Francine Houben, the creative director of Mecanoo. "I had to create a really new public space specifically for Taiwan, for Kaohsiung, that catches the wind of the ocean and the ventilation of the tropical space."
The concert hall has the biggest pipe organ in Asia with 9,085 pipes. Built by a German manufacturer, its asymmetric design recalls bamboo.
"I have played many organs both in Taiwan and abroad, but this one is the biggest and the best," said organist Liu Hsin-hung.
The center also includes an outdoor amphitheater.
He Wen-jhang, a 62-year-old retired physics and chemistry teacher who lives nearby, said he prefers to the art center to another real estate development.
"Coming here to exchange views greatly influences citizens' temperament," He said. "In the past, people only rushed to factories to make a living. But now, we have a place to relax and chat to each other. This has a big impact on Kaohsiung's cultural aspect. A positive impact."