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Shares of The Walt Disney Company plunged more than 9 percent Tuesday morning as CEO Bob Iger signaled that Disney still faces a tough road ahead as it continues to pull itself out of its recent financial doldrums.
“While we’re anticipating a softer third quarter, due in large part to the seasonality of our Indian sports offerings, we fully expect streaming to be a growth driver for the company in the future and we have prioritized the steps necessary to achieve this.”
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