Disney shares get earnings boost from parks, films

Theme parks and a remake ofsystem.scripts.system.scripts. "The Lion King" boosted Disney's quarterly earnings on Thursday, beating Wall Street expectations.

The company's earnings arrived just days before its streaming service Disney + is set to launch, as it attempts to become a powerhouse in a market dominated by Netflix.

But it hasn't come cheap, with investments to build streaming media services increasing from a year earlier.

Meanwhile, Disney's movie business benefited from box office hits like "Toy Story 4," and the remakes of "Aladdin" and "The Lion King."

While its parks were also a source of strength.

All that helping to drive up Disney's revenue, which rose 34% to about $19 billion.

That's up from about $14 billion in the same period last year.

Disney shares got a boost from the solid earnings report - up in after-hours trading.