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New 'Star Wars' trilogy raises hopes after Disney results miss target

Reuters 

By Lisa Richwine and Aishwarya Venugopal(Reuters) - The force of "Star Wars" lifted Walt Disney Co shares on Thursday as the promise of a new film trilogy overshadowed disappointing quarterly results and struggles at the media company's television business.The storied movie studio and theme park operator is scrambling to keep viewers who are abandoning its current top money maker, cable networks. The power of its characters and brands are the reason many investors stick with the company despite its challenges.Disney shares rose more than 1 percent after Chief Executive Bob Iger said Disney ...

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First Published: Fri, November 10 2017. 14:11 IST
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