Aug 6, 2019
Disney disappoints despite a string of movie hits
Walt Disney's latest profit has failed to impress Wall Street, despite producing blockbuster movie hits including Avengers: Endgame and Toy Story 4. Profits from a string of movie hits, including Aladdin, failed to offset other costs at the company. In March, Disney bought the TV and film assets of 21st Century Fox for $71bn. Disney chairman and chief executive Robert Iger said the third quarter results "Reflect our efforts to effectively integrate the 21st Century Fox". Media networks, which includes ESPN, the Disney Channels and FX, reported a 7% increase in operating income to $2.1bn..
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