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More Squawk from Jim Cramer: Disney (DIS) Has Become a 'Value Trap’

NEW YORK (TheStreet) -- Shares of Walt Disney Co. (DIS) are gaining 1.76% to $100.72 on Monday morning as the company's "Finding Dory" film took in $136.2 million in North American theaters this weekend, which set a new record for an animated movie premiere.

"We knew it was going to be huge and it's huge," TheStreet's Jim Cramer said on CNBC's "Squawk on the Street" this morning.

But Cramer noted that there continues to be "chatter" about Disney-owned ESPN losing subscribers.

"It's ESPN subs vs. movie slates. And I think the movie slates should trump, but it doesn't matter," he said.

"People feel Disney's become a value trap," Cramer stated.

"You've got that interval where...