Disney's Q3 Performance Driven by 'Toy Story 5' Box Office and Theme Park Attendance

Disney reported a solid third quarter performance driven by a $1 billion box office haul from Toy Story 5 and strong draw of its US theme parks. The revenue generated from these sources helped offset continued weakness in international tourism.

The company also announced a global short-form content sharing deal with TikTok on Wednesday, which will bring Disney-focused fan-created content from TikTok to the Disney+ app.

This move is expected to boost engagement and attract new subscribers to the streaming service. The deal aims to tap into the growing popularity of short-form content on social media platforms like TikTok.