Disney’s kingdom loses some magic

Disney's theme parks are the company's main money-spinner. (Image: AP)

Thu, 09 May 2024

By Dan GallagherGood thing for Disney that tourists don’t operate on Nelson Peltz’s timeline. Disney delivered a mixed fiscal second-quarter report this week, barely a month after defeating a proxy challenge from the famed investor activist who had sharply criticised the company’s performance of late. The results themselves contained several positive points, including a surprising and first operating profit from the entertainment portion of the company’s streaming segment and a pickup in revenue growth at the domest...

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