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Disney Reports $733M Profit in 2Q 2006

by on May 10, 2006

The Walt Disney Company has reported a 3 million profit for the second quarter of 2006, largely due to increased ratings on ABC and cable networks and increased attendance at their theme parks. The profit represents a 19% increase from the same period a year ago. Despite the growth on television and theme parks, the film studio division showed some weakness in lower-than-expected box office revenues and home video sales.

In a related story, Reuters has published an article detailing the challenges facing the company in integrating Pixar into the Disney brand without diluting the strengths of either.

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