Originally Posted By HongKongDisneyLand According to ABC News: >>>>>>>>>>>>> LOS ANGELES (Reuters) - Walt Disney Co. <DIS.N> on Monday posted a 7 percent rise in first-quarter profit as revenue from the new Hong Kong Disneyland theme park and the 50th Anniversary promotion of the original Disneyland made up for movie studio softness. .................................................. ................................................ "From the standpoint of earnings, (Disney is) clearly outperforming," Rich Greenfield of Pali Research said. "The main place was in theme parks where clearly the 50th anniversary, and the revenues and profits coming in from Asia made a difference in the quarter." .................................................. ................................................ Parks and resorts profit rose 51 percent to $375 million as Hong Kong Disneyland posted its first full quarter of operations and the Disneyland 50th anniversary promotion spurred business at U.S. parks. <<<<<<<<<<<< Source: <a href="http://abcnews.go.com/Business/wireStory?id=1586878&page=1" target="_blank">http://abcnews.go.com/Business /wireStory?id=1586878&page=1</a> Looks like HKDL made a difference in the Quarter!!!!
Originally Posted By HongKongDisneyLand >>>>>>>>>>>>>>>>> Declines in DVD sales and theatrical performance led to a 60% drop in operating income for the Walt Disney Co.’s film division during the first fiscal quarter, the company reported Monday. .................................................. ............................................ The studio’s theatrical slate with Chronicles of Narnia: The Lion, the Witch and the Wardrobe and Chicken Little also didn’t perform as well as 2004 releases The Incredibles and National Treasure. Increased income from Disneyland Hong Kong, the company’s media networks division, which includes ABC, and its consumer products division made up for the film declines and led Disney to $734 million in net income for the quarter, a 7% bump from the previous year. Revenue was $8.8 billion, up 2.3%. <<<<<<<<<<<<<<<<< Source: VideoBusiness <a href="http://www.videobusiness.com/article/CA6305396.html" target="_blank">http://www.videobusiness.com/a rticle/CA6305396.html</a>
Originally Posted By mrichmondj Just for comparison, the Parks & Resorts Unit earned $384 million for the same quarter way back in 2001. So, not too much to crow about 5 years down the road when you are making substantially less profit with all the new offerings that have been opened up since then. Sad truth is that more parks are now in a position to have to slice up the shrinking profit pie to pay for expansion, which means less dollars per park to pay for new attractions.
