News Corp. reported a a 19% jump in total revenue to nearly $8.8 billion for the third quarter ended March 31, compared with $7.4 billion a year ago, thanks to the strong performance of its film, cable television and newspaper groups.
But the company's net income of $839 million, or 32 cents a share, was down 69% from $2.7 billion, or $1.04 a share, a year ago. The prior year's quarter included a one-time gain of $1.2 billion from the partial sale of its ownership stake in digital security company NDS. Operating income soared to $1.3 billion from $810 million a year ago.
Planning to enjoy VFX-loaded movies? Then check out our list of certain popular sci-fi movies because some action blended with science won't let you down.
The Way of Water was previewed for audiences this past April at CinemaCon, it felt like the final lap of an unfathomably long marathon had begun. James Cameron’s original Avatar was released in theatres in December 2009.
Disney's CinemaCon presentation provided fans with more insight on 'Avatar: The Way of Water,’ the anticipated second installment.
