Disney says expects restructuring to achieve $5.5B in cost savings

Sees FY23 capital expenditures $6B. Says sequel in the works for "Toy Story," "Frozen" and "Zootopia." Says ESPN linear ratings were up 8% overall. Says expects pressure to continue into Q2. Says ARPU fell xxx%. Says Disney+ domestic price increase has gone as expected. Says core Dis + subs may only grow modestly in Q2. Says higher core sub growth toward end of fiscal year. ays pleased with initail response to Dis+ ad tier. Says Q1 ESPN ad revenue was down 4%. Says anticipated Q2 will have most challenging comparison for linear networks. Says will likely to be able to declare a small dividend before the end of the year.