Disney shares rise more than 7% on digital hub and tech plans

13 articles · Updated · MarketWatch · May 6

New CEO Josh D'Amaro told an earnings call he wants Disney+ to become a hub for all Disney businesses, with investment focused especially on videogame technology.
The rally extended earlier gains after Morgan Stanley highlighted strong theme-park demand and backed D'Amaro's strategy around intellectual property, consumer engagement and technology-led storytelling.
Chief financial officer Hugh Johnston also rejected suggestions Disney might sell or spin off its linear television networks, unlike recent restructuring moves elsewhere in the media industry.

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