http://biz.yahoo.com/rb/050914/media_disney.html?.v=1&printer=1 longer story here!
Pray for W and Our Freedom Fighters
Yeah, I'd say that's a fair comment...Disney Expects
Its Movie Studio
To Post Big LossBy MERISSA MARR Staff Reporter of THE WALL STREET JOURNAL September 15, 2005; Page B3
In another setback for its movie business, Walt Disney Co. said its studio would post an unexpectedly large loss of $250 million to $300 million in the fiscal fourth quarter because of flops and a "challenging marketplace."
Disney Chief Financial Officer Tom Staggs blamed falling box-office sales and a fast-changing DVD market for denting the studio's sales. More important, though, some of the studio's titles haven't performed as well as Disney had expected, including its Miramax titles "The Brothers Grimm," "Underclassman" and "The Great Raid" and its Touchstone movie "Dark Water."
"Current results are considerably worse than we anticipated," Mr. Staggs said at a media conference in Pasadena, Calif. "In fairness, the difficult results at the studio have more to do with the performance of our titles than the marketplace as a whole."