Walt Disney's Q3 revenue came in at 12.39 billion dollars versus an estimate of 12.37,while earnings were in line with the estimate at 0.89 cents per share.The revenue strength was due to record theme park attendance and studio profits more than doubling.*
We're not concerned about oversaturation with Marvel films;we have a great brand,CEO Bob Iger told CNBC.We have a number of plans for Star Wars:The Force Awakens between now and December 2015 when the film comes out.We're very excited about it.It's going to take a little while to finish it.
We had a good year at the Hong Kong and Tokyo Disneylands and Disney World.We just have a product that continues to be in demand.We have a Frozen castle show that's going into Orlando this holiday season.Our bookings are up for the quarter about 10%.Our cruise business is also doing very well.We're in the direct to consumer business in many ways,and ESPN is an example of that.
You have to conclude that the multi-channel bundle is the dominant method that consumers use to get TV in their homes.What we do know,we're incredibly well-positioned as a company with the strength of our brand.We're taking a cautious approach.The prudent thing to do is to maintain the value.We think the holiday season is going to be very,very strong,Disney CEO Bob Iger predicted.*
Walt Disney Company(DIS)
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