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Disney needs strong core businesses to fund its war against Netflix, and Fox's weakness is a bad sign for the months ahead

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Anthony Couture
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Disney's third-quarter earnings miss underscores the long and messy road that lies ahead of it as it pivots to streaming video.

The media conglomerate is investing more in streaming services like Disney Plus and Hulu to take on Netflix and other rivals — and relying on the profits from its core businesses to offset those costs.

This quarter, Disney's core businesses fell short.

The company blamed the disappointing results on the assets it acquired from 21st Century Fox and, to a lesser extent, Hulu, which it recently took full control over.

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Anthony Couture
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