Through Tuesday’s close, Disney shares had fallen 1.3 percent this year, compared with 0.8 percent increase for the Dow Jones Industrial Average. The company also announced it was expanding its “Star Wars” universe, hiring the creators of HBO hit “Game of Thrones,” David Benioff and D.B. For the December quarter, Disney reported net income of $4.42 billion and said revenue rose 3.8 percent to $15.4 billion. They were “Star Wars: The Last Jedi,” “Thor: Ragnarok” and “Coco,” but operating income at the studio fell because of lower home entertainment and streaming sales. Operating income for the studio declined 2 percent to $829 million, Disney said.

Source: New Strait Times February 06, 2018 23:15 UTC