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Walt Disney profits boosted by 'Black Panther' success

Black Panther's runaway success boosted Walt Disney's profits in the first three months of 2018, helping to offset pressures in the TV business.
 
Profits up 23 per cent to $2.9 billion beat analysts' forecasts, while revenue rose nine per cent year-on-year to $14.5 billion.
 
The increase was driven by the film and theme park units, which outshone a TV arm facing strong digital competition.
 


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