{"id":4599,"date":"2012-11-09T00:00:00","date_gmt":"2012-11-09T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tvusa\/2012\/11\/09\/quarterly-profit-up-14-percent-at-disney\/"},"modified":"2012-11-09T00:00:00","modified_gmt":"2012-11-09T00:00:00","slug":"quarterly-profit-up-14-percent-at-disney","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvusa\/quarterly-profit-up-14-percent-at-disney\/","title":{"rendered":"Quarterly Profit Up 14 Percent at Disney"},"content":{"rendered":"<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">BURBANK: The Walt Disney Company reported a fourth-quarter profit of $1.24 billion, which is 14-percent higher than the year-ago comparison. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">Revenues for the quarter were up 3 percent, reaching $10.78 billion. Gains were led by the parks and resorts segment, which was up 9 percent in the quarter with its revenues and 18 percent in the quarter with its operating income. The media networks contributed $4.88 billion with revenues, up 2 percent, and $1.57 billion with operating income, up 7 percent. The studio entertainment segment was down 32 percent for its operating income, to $80 million, and down 4 percent with its revenues, to $1.40 billion. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">For the full year, the company&#8217;s revenues were up 3 percent to $42.3 billion and net income was up 18 percent to $5.68 billion. Media networks revenues for the year increased 4 percent to $19.4 billion and segment operating income increased 8 percent to $6.6 billion. Within the cable networks unit, operating income grew 9 percent to $5.7 billion, thanks to growth at ESPN and the worldwide Disney Channels. Operating income at the broadcasting unit remained relatively flat at $915 million for the year, as lower production and programming costs and higher affiliate and royalty revenue were offset by lower ad revenue and higher equity losses at Hulu. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">&ldquo;Fiscal 2012 was a great year creatively, financially and strategically, resulting in record revenue, net income, and earnings per share,&rdquo; said <\/span><\/span><span style=\"font-size: small\"><span style=\"font-family: Verdana\"><span style=\"font-size: small\"><span style=\"font-family: Verdana\">Robert A. Iger, <\/span><\/span>Disney&#8217;s chairman and CEO. &ldquo;The addition of Lucasfilm will further fuel Disney&rsquo;s creative engine across our company to create additional value for our shareholders and we&rsquo;re confident the Company is well positioned to continue our strong performance and growth. &ldquo;<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BURBANK: The Walt Disney Company reported a fourth-quarter profit of $1.24 billion, which is 14-percent higher than the year-ago comparison. Revenues for the quarter were up 3 percent, reaching $10.78 billion. Gains were led by the parks and resorts segment, which was up 9 percent in the quarter with its revenues and 18 percent in &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-4599","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Quarterly Profit Up 14 Percent at Disney<\/title>\n<meta name=\"description\" content=\"Quarterly Profit Up 14 Percent at Disney. BURBANK, November 9: The Walt Disney Company reported a fourth-quarter profit of $1.24 billion, which is 14-percent higher than the year-ago comparison. . 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