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Disney earnings up 28%, but its cable unit slips

The movie, Star Wars: The Force Awakens, has raked in more than US$2 billion worldwide since mid-December and enabled Walt Disney Studios to deliver operating income of US$1.01 billion in the quarter.

New York

SPEEDING past Wall Street's expectations, Walt Disney Co on Tuesday reported a 28 per cent increase in quarterly profit, with the Star Wars franchise as the primary engine.

But instead of revelling in the record profits, Disney chief executive Robert A. Iger found himself...

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