11 Hrs
Source:
Los Angeles Times
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Toy Story 5 boosts Disney profits
Disney reported strong third-quarter earnings driven by the success of “Toy Story 5,” which surpassed $1 billion globally at the box office and boosted merchandise sales. The company's revenue increased to $25.2 billion, with notable growth in entertainment and streaming sectors. Despite international attendance challenges at U.S. parks, Disney’s theme parks experienced a 4% rise in attendance. The company also announced plans to sell its stake in A+E Global Media and focus on expanding Disney+ into a comprehensive membership platform.
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