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On a call with analysts, Disney CEO Bob Iger reported a record annual profit of $12.6 billion and said the company will likely release streaming service called Disney+ by late 2019. Original content will be offered on the subscription-based service, including a live-action original series based on the Star Wars franchise. Disney’s operating income from movie sales doubled, earning $596 million and theme park operating income grew 11% to $829 million. ___ Iger said regulators in Europe have approved Disney’s acquisition of 21st Century Fox for $71.3 billion but awaits approval from other countries.: BUSINESS DISNEY EARNINGS Nov 9 | Disney reports an annual profit of $12.6 billion and plans to release its streaming service, Disney+, in late 2019. On a call with analysts, Disney CEO Bob Iger reported a record annual profit of $12.6 billion and said the company will likely release streaming service called Disney+ by late 2019. Original content will be offered on the subscription-based service, including a live-action original series based on the Star Wars franchise. Disney’s operating income from movie sales doubled, earning $596 million and theme park operating income grew 11% to $829 million. ___ Iger said regulators in Europe have approved Disney’s acquisition of 21st Century Fox for $71.3 billion but awaits approval from other countries.

On a call with analysts, Disney CEO Bob Iger reported a record annual profit of $12.6 billion and said the company will likely release st...

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