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For Disney, the sale furthers a strategy of focusing on movies from which it can draw multiple streams of revenue, analysts said.

Disney can license “Toy Story” characters for action figures and video games, but “Miramax just doesn’t make that type of film,” said Tony Wible, an analyst for Janney Montgomery Scott.

Analysts also noted that the Miramax sale came the same week Disney bought online social-gaming company Playdom for $563.2 million, reflecting the broader shift of people’s time and attention to the Web.

“They’re dropping old economy assets for new economy assets,” said Needham & Co. analyst Laura Martin.

Shares of Disney, which is based in Burbank, Calif., rose 6 cents to $33.77 in afternoon trading Friday.


AP Business Writer Ashley Heher in Chicago contributed to this report.