Joy at Disney because it posts better-than-expected outcomes following success on the Box Office
Disney has posted better-than-expected results as film-goers flocked to cinemas
to see animated sequel Inside Out 2 and superhero blockbuster Deadpool & Wolverine.
The entertainment giant’s success at the box office helped offset a decline in attendance at its theme parks as well as higher programming and production costs at its sports network ESPN.
Hit: Film-goers flocked to cinemas to see animated sequel Inside Out 2 (character Joy pictured pictured) and superhero blockbuster Deadpool & Wolverine
Popular film releases drove watchers to sign up for the company’s streaming platform Disney+, which recorded more than 122.7m subscribers outside of India in its fourth quarter, a gain of 4.4m from the previous three-month period.
The company has also intensified efforts to crack down on password sharing in September in a bid to force people to set up their own paid accounts.
Disney also cheered investors after unveiling plans to buy back £2.4billion worth of its own shares.
Profits for the quarter rose to £363million from £208million a year ago while revenues rose 6 per cent to £17.8billion.
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