Film studio boosts earnings at Disney

November 7, 2014 1:05 PM

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Walt Disney Co.'s film studio drove the entertainment giant to an 8% increase in profit for its fiscal fourth quarter. And the company is going to bet even bigger on franchise movies in the coming years.

Disney Chairman and Chief Executive Robert Iger said the film unit plans to release 21 tent-pole movies in the next three years, up from the 13 it released over the last three years.

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