ABC and ESPN parent Disney (DIS) is scheduled to report results of its second fiscal quarter after the market close on May 8, with a conference call scheduled for 4:30 pm ET. What to watch: 1. FOX FIGHT: Disney’s announcement in December of a definitive pact to acquire 21st Century Fox’s (FOX, FOXA) entertainment assets, including the company’s film and television studios and cable and international TV businesses, has become complicated by Comcast’s (CMCSA, CMCSK) interjection. On April 18, Disney disclosed in a regulatory filing that on November 14, 2017, representatives of 21st Century Fox and “Party B” held discussions regarding a potential strategic transaction. Party B, which Reuters reported to be Comcast, provided Fox a non-binding proposal to acquire the remaining company at a price of $34.41 per share payable in stock, subject to further discussions on the allocation of regulatory risk. Fox rejected Comcast’s bid, opting to continue talks with and eventually strike an agreement with Disney. Verizon (VZ) was also among the bidders, referred to in the filing as “Party A,” and its bid did not offer a “meaningful premium,” Reuters noted. A week later, on April 25, the independent committee of Sky (SKYAY) noted Comcast’s firm intention to make a GBP12.50 per share pre-conditional cash offer for Sky, adding that as a result of the announcement of this higher cash offer the committee withdrew its recommendation of the offer announced by 21CF on December 15, 2016 and terminated the co-operation agreement entered into with 21CF on the same date. Most recently, Reuters reported that Comcast is talking to investment banks about getting bridge financing for an all-cash bid to displace Disney on its deal to purchase most of Fox’s assets. According to the report, Comcast only plans to proceed with a bid for Fox if a federal judge allows AT&T’s (T) planned acquisition of Time Warner (TWX) to proceed. 2. STUDIO: During the quarter, the company dominated the North American and global box office with the performances of “Black Panther” followed by “Avengers: Infinity War.” “Black Panther” spent five weekends atop the domestic box office, while the latest “Avengers” film opened to a record-setting $250M in North America and $380M overseas for a global total of $630M, giving it the top worldwide debut of all time. 3. ESPN: On April 12, ESPN+, the direct-to-consumer subscription streaming service featuring ESPN branded content, launched with a price of $4.99 per month. This morning, mixed martial arts organization UFC and Disney announced a multi-year media rights agreement for exclusive live UFC content on ESPN+, as well as across a variety of ESPN’s television, social and digital platforms. 4. PARKS: On February 11, Reuters reported that Disney is changing the admission price for its U.S. theme parks, raising the cost of some single-day tickets by about 9%. Investors will be listening to hear how park attendees have responded to the price hikes.