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Disney’s Direct to Consumer & International segment shone from the company’s first quarter 2019 results with revenue up 15% to $955 million, although this came at the cost of an operating loss increase from $188 million to $393 million, due to investments in ESPN+ and Disney+, as well as a loss from the consolidation of Hulu. There will be concerns for the Studio Entertainment business which saw a 15% revenue decline to $2.13 billion, despite Avengers Endgame becoming the second highest grossing movie of all time. Media Networks revenue was flat at $5.5 billion, and the Parks division was up 5% to $6.17 billion, contributing to total revenue up 3% to $14.9 billion. Results included 11 days of 21st Century…

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