Challenging the Mouse

Finding problems, challenging, or anything wrong with the company was hard to find. Looking on the web I found “hear say” stories, nothing that were hard cold facts. I found another blog that does talk about Disney and the problems with it’s corporate governance.

(See above for the other blog)

Some of the challenges that Disney does face is lack of economy. People need money to travel, without that money people can’t pay for hotels, gas, food, or any other expenses that vacation might entail.

Walt Disney Company Reports Earnings For Fiscal Year 2008

On September 27, 2008, Walt Disney Company reported earnings for the fiscal year with $2.28 which compared to the $2.25 prior.

EPS for the current year increased 18% to @2.27 compared to $1.92 in the prior year.

“I’m pleased by Disney’s strong performance in fiscal year 2008, especially in light of the challenging economic environment,” said RObert. A. Iger, president and CEO.

Media Networks increased 7% to $16.1 billion and segment operating income increased 11% to $4.8 billion.

Parks and Resorts increased 8% to $11.5 billion and segment operating income increased 11% to $1.9 billion.

Studio Entertainment decreased 2% to $7.3 billion and segment operating decreased 9% to $1.1 billion.

Consumer Products increased 26% to $2.9 billion and segment operating income increase 14% to $718 million.

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