Disney Profits Take A Hit This Quarter
Disney has seen its profits fall in most sectors this quarter mainly due to poor performance at the box office according to the Finanicial Times. Operating income for Disney’s studios fell 97% to $13 million with DVD sales falling short for Beverly Hills Chihuahua and Bolt. Theme park attendance has remained steady but spending by guests have dropped the operating profits by 50% at $171 million. ESPN, Disney’s sports cable network, ABC Family and the Disney Channel were the few bright spots this quarter with all of them reporting positive operating profits.
