Disney Earnings Take a Hit Following ‘Dark Phoenix’ Bomb

Breitbart | 8/8/2019 | David Ng
shellshockkedshellshockked (Posted by) Level 3
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Not even the superheroes of the Marvel universe could shield the Walt Disney Co., which took a surprising blow to its earnings this week as the studio contended with its monster Fox acquisition as well as losses from Fox’s Dark Phoenix, the latest X-Men movie that was a major box-office bomb.

Disney reported fiscal third-quarter earnings per share of $1.35 on revenue of $20.25 billion, both of which missed analyst expectations.

Entertainment - Giant - Integration - Century - Fox

The entertainment giant cited the integration of most of 21st Century Fox’s assets that Disney recently acquired in a historic $71 billion deal.

Disney also cited “a loss from theatrical distribution driven by the performance of Dark Phoenix.” The Fox movie, released in June, grossed a disappointing $65.8 million domestically, though foreign...
(Excerpt) Read more at: Breitbart
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