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Walt Disney Revenue Boosted by Summer Movies

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Walt Disney Co.’s hit movies, led by “The Lion King” and “Toy Story 4,” once again helped drive strong quarterly results. But the company is largely looking beyond the theater for its future, focusing instead on reasons for folks to stay home.

Disney Chief Executive Robert Iger has spent billions of dollars buying franchises, from the Avengers to Star Wars—brands that will soon be put to the test when Disney launches Disney+, its putative streaming rival to Netflix Inc.

Source: WSJ.com: US Business