The Walt Disney Company's revenues for the second quarter grew by 9 percent to $14.5 billion, delivering a net income of $2.9 billion, 23-percent higher than the year-ago period.
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21st Century Fox has given the U.K. Competition and Markets Authority (CMA) two new proposals designed to address the regulator's concerns regarding the planned takeover of British broadcaster Sky.
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The Walt Disney Company has reorganized its business segments into the newly formed Direct-to-Consumer and International; the combined Parks, Experiences and Consumer Products; Media Networks; and Studio Entertainment.
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The Walt Disney Company has agreed to acquire 21st Century Fox, including the 20th Century Fox film and television studios, along with cable and international TV businesses, for around $52.4 billion in stock.
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The Walt Disney Company, which saw its net income slip 9 percent in its third fiscal quarter to $2.37 billion, is planning to introduce new OTT services for ESPN and the Disney brand, effectively ending its distribution agreement with Netflix for subscription streaming of new releases.
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The Walt Disney Company has reported an 11-percent jump in profit in its second fiscal quarter, with strong gains in its studio and theme park divisions.
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