Disney Broadcast Revs Lag While Movies, Cable Soar In Q1
May 12, 2010 at 4:03 AM (PT)
The company does not break out the results for its radio properties, ESPN RADIO and RADIO DISNEY, but the WALT DISNEY COMPANY reported broadcast revenue, including television, up just 1% to $1.43 billion in first quarter, trailing the company's other divisions. Broadcast operating income fell 24% to $123 million.
The broadcast division's performance was in sharp contrast to the overall company results, which showed a 6% revenue increase to $8.58 billion, driven by the success of Tim Burton's "ALICE IN WONDERLAND." ESPN helped the company's cable network division to a 9% revenue increase, and theme park revenue rose 2% despite a drop in domestic park attendance.