Film hits help Disney profits to beat forecasts

Flat cable TV performance sends shares lower

10th August, 2016
Finding Dory has taken in $870m for Disney Pic: Getty

Walt Disney last night reported third-quarter results that reflected tough times for its TV business and said it was taking big steps in online video to adapt to changing consumer viewing habits.

The world’s largest entertainment company said it would pay $1 billion for a one-third take in BAMTech, a technology and streaming business formed by Major League

Baseball, and launch a new web-based ESPN service this year. The company also said networks including...

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