India, Aug. 6 -- Media and entertainment major Walt Disney Co. (DIS) on Wednesday raised fiscal 2025 outlook for earnings.above the Street after reporting significantly higher profit in its third quarter, above market estimates. Meanwhile, revenues missed the market view, despite reporting a growth.
Separately, Disney announced that its unit ESPN has signed a landmark rights agreement with WWE, part of TKO Group Holdings, Inc. (TKO). Under the deal, ESPN platforms, including the new ESPN direct-to-consumer streaming service, will become the exclusive U.S. domestic home of all WWE Premium Live Events (PLEs), including the two-night cultural phenomenon WrestleMania, starting in 2026.
In addition, ESPN and the NFL have reached new licensing ...