Posted Wednesday, May 10, 2017 9:39 AM | Contributed by Jeff
Domestic theme parks’ attendance rose 4 percent in Disney’s second quarter, despite the Easter holiday falling into the current quarter. Disney benefited from a week of the winter holiday shifting into its second quarter, during which parks and resorts’ revenue rose 9 percent to $4.3 billion compared with the previous year. Operating income increased 20 percent to $750 million.
Read more from The Orlando Sentinel.
Let's see how the business bloggers find a way to spin this into "the parks are suffering" stories.
Most of the heat that Disney is taking is around the declining ESPN revenue. I'm not sure how that works out. The sports leagues are getting ridiculous while user habits are moving away from standard cable. While it's an important part of their business, I think they have time to figure it out (even if the markets don't like taking time to figure things out).
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