Disney’s strong quarter driven by ‘Toy Story 5’ and draw of US theme parks

Disney’s solid third quarter was driven by a US$1-billion box office haul from Toy Story 5 and the strong draw of US theme parks that helped to offset continued weakness from international tourism. Disney also announced a global short-form, content-sharing deal with TikTok on Wednesday. The agreement will bring Disney-focused, fan-created content from TikTok to the Disney+ app. Shares climbed nearly 3 per cent in early morning trading on Wednesday.

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