Telecoms Up As Star Wars Boosts Disney Box Office -- Telecoms Roundup

FeaturesDow Jones Newswires

Shares of telecommunications companies rose as a strong showing in one of the final weekends of the year quelled worries about a weak year for Hollywood studios' box office.

Walt Disney's "Star Wars: The Last Jedi" opened to North American box office tally of $220 million, the second biggest opening weekend for any movie, surpassed only by the previous installment in the third trilogy of the franchise.

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Separately, John Skipper, president of Walt Disney's ESPN sports network, resigned, citing substance-abuse issues.

BT Group and Sky PLC struck a deal to distribute one another's sports channels, as the two pay-television companies reconsider their rivalry on premiership-football rights in light of competition from streaming services.

--Rob Curran,

(END) Dow Jones Newswires

December 18, 2017 17:07 ET (22:07 GMT)