Disney earnings buoyed by strength of film studio, theme parks



Walt Disney Co. delivered fourth-quarter sales and earnings that
beat analysts’ projections, fueled by the entertainment behemoth’s
movies and theme parks.

Films such as “Ant-Man and the Wasp” and “Incredibles 2” more
than doubled movie profit for the Burbank, California-based
company. The company’s theme parks, meanwhile, benefited from the
busy summer travel season, attracting more free-spending
guests.

Those businesses are helping Disney continue to grow as CEO Bob
Iger tries to steer his largest division, television, toward a new
future built around streaming. The company is creating new online
video services and buying much of 21st Century Fox for $71 billion
to bulk up its web-based programming in a looming faceoff with
Netflix.

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Disney earnings buoyed by strength of film studio, theme parks