Disney’s film studio crank out profits

At Disney, content is king. The media conglomerate’s studio entertainment, including popular films such as the animated “Finding Dory,” ”The Jungle Book” and the Marvel saga “Captain America: A Civil War” helped boost the company’s third-quarter profit above expectations, although The Walt Disney Co.’s cable and broadcast channels such as ESPN and ABC remain weak. The company will also spend $1 billion for a 33 percent stake in the Major League Baseball video streaming service BAMTech. Net income rose 5 percent to $2.6 billion, or $1.62 per share, excluding one-time items. Revenue rose 9 percent to $14.28 billion, including a 40 percent jump in studio revenue, also beating expectations.