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Disney Earnings Lower Than Expected

Published February 9, 2010 in Movie News
By Ryan Parsons | Images property of Pixar, Variety
Up Up
2009 was so shitty for plenty of companies, including online publishers, that breaking even sounds perfectly okay. Disney is currently bummed because they did not see profit increases across the board in the final quarter of 2009 like other networks and studios had. You know what? Let it go. Besides, Up was great.

Disney Earnings Flat

Time Warner and News Corp posted solid gains for their first fiscal quarter -- which picked up a good chunk of 2009 -- while Disney came in "flat" with profits at $844 million, just short of the $845 million earned during the same quarter last year. One-million short in... profits? Well, boo f*@king hoo.

Disney is pointing fingers, putting part of the blame on the underperformances of A Christmas Carol and The Princess and the Frog. Think Disney will return to handdrawn animation any time soon? Doubtful. I thought it was a stupid idea in the first place.

Something else worth blaming was the ultra-dynamic ad market, which refuses to level out.

Disney still does have a lot going for it, considering that 2010 represents one of the strongest slates the Mouse House has ever seen. Some of the films making their way to theaters this year include Alice in Wonderland, Toy Story 3, Prince of Persia and Tron Legacy. To name a few. Only $844 in profit? Don't worry, they'll be fine.

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Compiled By (Sources)
Ryan Parsons
Sources: Images property of Pixar, Variety

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