Disney's (DIS) comments on TV, theme parks, movies and video games (quotes from conf call)

Here are some comments Disney made about TV, theme parks, movies and video games:

On TV:

ESPNs rating strength has continued into the March quarter
and we are seeing ad sales pacings up high single digits….For the next several
quarters we will be ramping up our investments in … Disney Channel and ABC …Start
up losses for [Disney Channel India] will total approximately $25 million…ABC
now claims some of the highest rated TV programs…across virtually every
relevant demographic

On Theme Parks:

… we showed growth in international, domestic tourist and
local attendance. ….. West Coast attendance was flat with the prior year with
extremely rainy weather in Southern California offsets the benefit of holiday
timing

On Movies:

Looking ahead we have a strong set of films remaining….none
of which approach $100 million in investment ….. the studio continues to focus
on investing the right amount of money in the right set of projects

On Video Games:

….an important area of opportunity for the company. We
expect to ramp up our development spending in this area over the next several
quarters which we believe will position us for meaningful growth in this
business over time.

On Future Growth:

We continue to expect double-digit growth in earnings
in 2005 .….. our goal is to couple this earnings growth with both strong cash
flow and increasing returns on invested capital.

Comments

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2007 Oct 26 03:25 AM