This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.bbc.co.uk/news/business-46146556
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Disney results get box office boost | Disney results get box office boost |
| (35 minutes later) | |
| Walt Disney saw higher profits and revenue in the most recent quarter, boosted by blockbusters Incredibles 2 and Ant-Man and the Wasp. | Walt Disney saw higher profits and revenue in the most recent quarter, boosted by blockbusters Incredibles 2 and Ant-Man and the Wasp. |
| Revenues in the media company's studio division jumped 50% in the three months to 29 September to $2.15bn (£1.6bn). | Revenues in the media company's studio division jumped 50% in the three months to 29 September to $2.15bn (£1.6bn). |
| The gain lifted the firm's total revenues to $14.3bn, up 12% year-on-year, while profits rose 33%. | The gain lifted the firm's total revenues to $14.3bn, up 12% year-on-year, while profits rose 33%. |
| The box office success provided a boost to the company as it shifts its focus to online streaming. | The box office success provided a boost to the company as it shifts its focus to online streaming. |
| The firm has already launched a sports-focused online streaming site, and is planning a family-oriented one dubbed Disney Plus, to launch in 2019. | |
| The move comes amid declines in television advertising and increased competition from digital giants such as Netflix and Amazon. | The move comes amid declines in television advertising and increased competition from digital giants such as Netflix and Amazon. |