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New 'Star Wars' trilogy raises hopes after Disney results miss target

Friday, November 10, 2017 - 01:02

New 'Star Wars' trilogy raises hopes after Disney results miss target. Ben Gruber reports.

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The "Force" is strong with Disney as shares climb despite poor earnings results. Disney shares rose more than 1 percent after CEO Bob Iger said the company had struck a deal with director Rian Johnson to create a new "Star Wars" trilogy. Disney said in a statement, Johnson will write and direct the first movie in a new trilogy that will bring new characters and worlds not yet explored on screen. The one percent uptick following the "Star Wars" announcement reversed an initial falloff after Disney's results fell short of expectations. The company's shares have had a difficult year, falling roughly 1 percent -- but according to analysts -- the upcoming release of the "The Last Jedi", the latest installment in the blockbuster science fiction series, could ring up as much as $2 billion dollars in global box office sales.

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New 'Star Wars' trilogy raises hopes after Disney results miss target

Friday, November 10, 2017 - 01:02