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Disney has performed better than expected as moviegoers flock to movie theaters
to watch the animated sequel Inside Out 2 and the superhero blockbuster Deadpool & Wolverine.
The entertainment giant’s box office success helped offset a decline in attendance at its theme parks, as well as higher programming and production costs at its ESPN sports network.
Success: Moviegoers flocked to theaters to see the animated sequel Inside Out 2 (character Joy pictured) and the superhero blockbuster Deadpool & Wolverine.
Popular movie releases prompted viewers to sign up for the company’s streaming platform, Disney+, which saw more than 122.7 million subscribers outside India in its fourth quarter, an increase of 4.4 million from the previous quarter. previous three-month period.
The company also stepped up its efforts to crack down on password sharing in September in a bid to force people to create their own paid accounts.
Disney also applauded investors after revealing plans to buy back £2.4bn worth of its own shares.
Profits for the quarter rose to £363m from £208m a year ago, while revenue rose 6 per cent to £17.8bn.
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