Disney's streaming leap hooks 28.6 million subscribers, earnings beat forecasts
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(Reuters) - Walt Disney Co's new streaming service Disney+ reached 28.6 million paying subscribers this week, the company said on Tuesday as it reported quarterly earnings that beat Wall Street forecasts. Shares of Disney were up 1.5% in volatile trade following the results.The results showed Disney made a strong entrance into the streaming video wars dominated by Netflix Inc. The owner of sports powerhouse ESPN is trying to transform its business to capture audiences that are moving..