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 Send to email | Economy, Oil Prices Finally Catching Up To Disney? in General |  By Silicon
el 23-Jun-2008 |
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 Like the rest of its big media brethern, much of Disney's fortunes are dependent on the advertising business. But unlike its peers, a big chunk of Disney's money -- about a third of its revenues -- comes directly from consumer spending on its resorts and parks. Analysts have been worrying about how that revenue stream would fare in a recession for a while, but Disney has insisted that traffic to Disney World and Disneyland isn't slowing down.
Now Pali's Rich Greenfield isn't so sure. He thinks that Delta's flights to Orlando will be down 26% in October, and down 12% plus for the last three months of 2008. And he thinks that will continue into next year, prompting him to cut both top and bottom line growth estimates company-wide; he thinks the parks unit, meanwhile, will see revenues decrease by 0.6% and operating income drop by 2.3%.
Looking for good news? Rich has seen a screening of "Wall-E," Disney's newest Pixar release, and thinks it's really good: "the film substantially exceeded our expectations and was well-received by the audience. We expect the film to receive critical praise and reviews."
See Also:
Citi: Recession Hurting Disney
Disney: Our Theme Parks Are Doing Great
Disney: The Weak Economy Isn't Hurting Us
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(Mediaweek.com) | | Mediaweek.com - Disney will re-brand its Toon Disney television network and online platforms into Disney XD, which will be targeted more towards boys and “the fundamental values of accomplishment, learning, discovery and growth.” Disney XD will feature Disney-branded live action movies, animation and original programming developed with ESPN. … YahooTechNews [..] Read complete article | | Published 09-Aug-2008 by Nerdblog in General
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Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Disney's DGamer Service Launches [Community] | | The Chronicles of Narnia: Prince Caspian for the Nintendo DS has been released, heralding the launch of Disney's DGamer community service, first announced back in February. Henceforth most every Disney game for the [..] Read complete article | | Published 15-May-2008 by Mike Fahey in CommunitydgamerDisneyDsNewsThe Chronicles of Narnia: Prince Caspian
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| HMV (finally) embraces used game sales |  Filed under: Culture, BusinessHMV, the music, movie, and games retailer with locations throughout the UK, Canada, Singapore, and Hong Kong, is finally catching up with the wants needs of modern gamers. Starti [..] Read complete article | | Published 03-Jul-2008 by Randy Nelson in hmvused-games
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