The global success of the sci-fi blockbuster The Force Awakens back offset higher programming costs for the ESPN sports network in quarterly results
A drop in profit at Walt Disney Co’s cable networks unnerved investors despite jumps in overall quarterly income and revenue, driven by the blockbuster release of Star Wars: The Force Awakens.
Disney shares fell 2.7% to $89.75 in after-hours trading. They fell 9.5% in the 12 months up until Tuesday’s close. Continue reading...
Source: theguardian.com