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 Disney News, Disney World News |
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Last Updated: Nov 14, 2009 - 10:55:24 AM
By Leah Zanolla
Nov 14, 2009
Shortly after the announcement that Disney's CFO and Parks and Resorts chairman would be changing roles, the company also released their fourth quarter financial figures.
In the report, Disney declared an overall 18% rise in earnings. The media branch of the company (which includes ESPN and ABC Family) took the lead in terms of revenue, earning $4.7 billion, a 14% increase from the same time last year. The Theme Parks and Resorts division saw a 7% decrease in revenue.
On the other hand, the Studio Entertainment division suffered a 12% decline in the last year. The Orlando Business Journal suggests the drop is a result of a weak DVD market during the quarter. At this time last year, Pixar's "Wall-E" and "Pirates of the Caribbean: At World's End" were dominating sales. It must be noted that two days before the release of these fourth quarter numbers, Pixar's "UP" debuted on DVD and Blu-Ray. In addition, Walt Disney World released a second "edition" of their successful "Buy 4, Get 3" promotion shortly after the fourth quarter ended.
The complete financial report is available here.
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