The Lion King helped boost Disney’s earnings as company prepares for Disney+ launch

Photo: Walt Disney Studios

Disney’s final earnings call before the launch of its anticipated streaming service, Disney+, reminded investors that Disney is in a strong place, beating revenue estimates.

The company reported a quarterly revenue of $19.1 billion. It was estimated to pull in $19.04 billion. The company posted $2.32 billion in profit during this same quarter last year on $14.3 billion in revenue. Still, Disney’s numbers are almost up across the board, including a huge boost from its studios — specifically The Lion King — and theme park divisions. Disney’s earnings report states the increase in “theatrical distribution results was due to the performance of The Lion King, Toy Story 4 and Aladdin in the current quarter compared to Incredibles 2 and Ant-Man…

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