Disney says business is resilient despite economy
Posted
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.
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.
So long as those other economies don't catch our cold (or hepatitis, or whatever bug it is).
My author website: mgrantroberts.com
Uh, might have spoken too soon!
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