Disney's movie hits overshadow lackluster TV results

August 9, 2016 10:52 PM

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The media conglomerate's studio entertainment, including popular films such as the animated "Finding Dory," "The Jungle Book" and the Marvel saga "Captain America: Civil War," helped boost the company's third-quarter profit above expectations. But The Walt Disney Co.'s cable and broadcast channel revenue growth was weaker.

Disney said it will also spend $1 billion for a 33 percent stake in the Major League Baseball video streaming service BAMTech. Media companies like Disney are trying to adapt to the increasing popularity of on-demand streaming video and "skinny bundles" — that is, cheaper, slimmed-down channel packa...

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