The profits from streaming have finally offset the decline of Pay TV. Redburn has upgraded Disney (DIS.US) to Buy.

Analysts say that Disney has reached a critical point, where the excellent performance of its streaming service can offset the profit decline of its struggling television service.

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Disney's Stock Gets Upgrade Amid Content 'Renaissance' and Streaming Profit Growth

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Hulu+Live TV and Fubo Merger Won't Help Disney Much -- Market Talk

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Express News | Disney has appointed Tony Chambers as the president of Europe, the Middle East, and Africa.

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