Disney says business is resilient despite economy

Posted Wednesday, September 10, 2008 9:45 AM | Contributed by Jeff

Iger said the media conglomerate had been helped "immeasurably" by its businesses outside the United States, and also by the relative weakness of the U.S. dollar, which had attracted international visitors to its U.S. theme parks. Iger said Walt Disney World Resort in Florida had been particularly popular. Disney World helped Disney's theme parks division achieve a 5 percent increase in revenue and 3 percent increase in operating profit last quarter.

Read more from Reuters.

Wednesday, September 10, 2008 10:06 AM

Well, I guess this is one of the benefits of having a world economy. If the economy sours here, there isn't necessarily a negative feedback that makes it even worse. Other world economies can mitigate our problems.

Wednesday, September 10, 2008 1:22 PM

So long as those other economies don't catch our cold (or hepatitis, or whatever bug it is).

Wednesday, September 10, 2008 5:05 PM

Uh, might have spoken too soon!



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