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Disney beats estimates, buys video streaming stake to lure web viewers

Disney beats estimates, buys video streaming stake to lure web viewers

🕔10:03, 10.Aug 2016

NEW YORK, UNITED STATES: Walt Disney Co’s quarterly profit and revenue on Tuesday beat analysts’ estimates fuelled by movie studio hits, and the media company said it was taking a stake in a streaming video technology company to sell more content directly to consumers.

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