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Disney posts another strong quarter as its clout grows
Disney posts another strong quarter as its clout grows

Walt Disney Co. posted another quarter of double-digit profit growth, the latest sign of the Burbank entertainment giant's snowballing financial clout. The stellar second-quarter earnings — $2.1 billion — sailed past Wall Street projections and sent the company's stock to an all-time high. Hitting these marks has given Disney Chairman and Chief Executive Robert Iger a coveted currency: Analysts say the company is increasingly asserting its will in disputes and negotiations. In recent months, the entertainment giant has sued Verizon Communications Inc. over a new television service and clashed with theaters owners over discount tickets. "There is no question...

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