Disney's quarterly profit rises on ESPN network, 'Oz' movie

Reuters

Media giant Walt Disney Co reported higher profit for the fiscal second quarter, boosted by increased revenue at sports network ESPN and the movie box office success of "Oz the Great and Powerful."

Net income rose 32 percent from a year earlier to $1.5 billion for January through March, Disney said on Tuesday. Diluted earnings per share rose to 83 cents.

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(Reporting by Lisa Richwine; Editing by Bernard Orr)