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The Mouse House saw Q3 slippage in almost every area: networks, studio operations, parks and resorts, and even interactive. All told, the company reported net income of $954 million, compared with $1.28 billion a year earlier. The studio side actually had an operating loss. Disney CEO Bob Iger says he remains encouraged, but the numbers were worse than Wall Street had been expecting. (AP)
*Disney beat Wall Street estimates on earnings per share by a penny, though the company was below revenue estimates.
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.