Theme parks animate Disney profit
http://news.bbc.co.uk/go/rss/-/1/hi/business/7534307.stm Version 0 of 1. Walt Disney shook off concerns about slowing attendance at its theme parks as it reported a 9% rise in quarterly net profits. Strong results at its ESPN media business also helped it make $1.28bn (£646m) in the three months to June. The weak dollar boosted the value of takings at Disneyland Paris, as its theme park business profit grew 5%. But its studio business saw profits drop 49% after poor demand for The Chronicles of Narnia: Prince Caspian. The results also included costs of Disney-Pixar's recently released Wall-E - which has proved a hit with audiences. The results, which included revenue up 2% to $9.24bn, were slightly ahead of analysts expectations. "The real question becomes how are they going to talk about going forward?" said Pali Capital analyst Rich Greenfield. |