Disney results miss as Fox studio business underwhelm

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Disney is feeling some pain from its biggest transformation in decades as its acquisition of Fox's entertainment businesses contributed to a 39 per cent drop in earnings.

In this Aug. 8, 2017, file photo, The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. NEW YORK -- Disney is feeling some pain from its biggest transformation in decades as its acquisition of Fox's entertainment businesses contributed to a 39% drop in earnings.

Particularly underperforming was "Dark Phoenix," a Fox X-Men movie that failed to find its audience. That offset box office successes such as "Avengers: Endgame." Disney said Tuesday that it will offer its three streaming services in a package for $13. Hulu now costs $6, and ESPN Plus costs $5. The upcoming Disney Plus service will cost $7. So the package will represent a $5 savings. Disney is making the package available Nov. 12, the same day Disney Plus is launching.

 

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