Disney theme park attendance down 5%, company beat up on weak DVD sales
Posted
For the quarter ended Dec. 27, Disney reported net income of $845 million, or 45 cents a share, a 32 percent decline from $1.25 billion, or 63 cents a share, a year earlier. Revenue fell 8 percent, to $9.6 billion. The company blames a 64% drop in studio income driven by weak DVD sales. Disney said spending at Disney World and Disneyland in the last part of 2008 was flat and spending at the company’s resort hotels was up modestly. Theme park attendance dropped just 5 percent, and they're extending the booking window for its promotional campaign for several months.
Read more from The New York Times.
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^^ Yeah but did Einstein have to be a casualty for humor?? Relatively speaking of course.
* Twitter *
I think I can finally answer why their DVD sales are weak.
They simply don't have the selection yet on Blu Ray.
Having finally got a player this week, and noticing that all of my favorite Pixar movies are still waiting to be released on BR (Nemo, especially) - I can see that people are holding out.
I doubt that very much. I remember reading that aside from The Dark Knight, Blu-Ray sales account for a scant 10% of all movie sales. That's not significant enough to have any real impact.
Jeff - Editor - CoasterBuzz.com - My Blog
^ That is a sign the mouse has run out of ideas and has run the franchies into the ground. What's next? "20,000 Buddies Under the Sea?" Jules Vern would jump out of his grave and strangle EVERYONE remotle involved with it.
Coaster Junkie from NH
I drive in & out of Boston, so I ride coasters to relax!
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