Disney shares get earnings boost from parks, films

📆 8/11/2019 5:26 PM
📰 The Straits Times

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CALIFORNIA (REUTERS) - Theme parks and a remake of The Lion King boosted Disney's quarterly earnings on Thursday (Nov 7), beating Wall Street expectations.. Read more at straitstimes.com.

CALIFORNIA - Theme parks and a remake of The Lion King boosted Disney's quarterly earnings on Thursday , beating Wall Street expectations.

The company's earnings arrived just days before its streaming service Disney + is set to launch, as it attempts to become a powerhouse in a market dominated by Netflix. But it hasn't come cheap, with investments to build streaming media services increasing from a year earlier. Meanwhile, Disney's movie business benefited from box office hits like Toy Story 4, and the remakes of Aladdin and The Lion King.All that helping to drive up Disney's revenue, which rose 34 per cent to about US$19 billion .Disney shares got a boost from the solid earnings report - up in after-hours trading.

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