AP, NEW YORKWalt Disney Co’s adjusted second-quarter net income declined as higher revenue from its parks was not enough to offset lower theatrical revenue. The lower theater revenue in the quarter that ended March 30 was due to tough comparisons from a year earlier, when the company released Black Panther and Star Wars: The Last Jedi. Net income for the quarter ended March 30 jumped 85 percent to US$5.34 billion, or US$3.55 per share. Its bottom line got a big boost from a non-cash gain from its acquisition of controlling interest in streaming service Hulu. It is using Fox assets, including The Simpsons, National Geographic and other properties to help launch its streaming service Disney Plus in November.

Source: Taipei Times May 09, 2019 15:56 UTC