Disney profits up despite Miramax disaster

By Mark Allix 13 November 2009

Notwithstanding the recent near-implosion of Miramax, the film distribution company founded by Harvey and Bob Weinstein and acquired by Walt Disney Co. in the early nineties, the company has posted an 18 percent rise in profit for the fourth fiscal quarter. The increase comes on the back of improved results at cable network ESPN and syndication sales of television series such as Grey’s Anatomy and According to Jim. Disney announced that it earned US$895-million, or 47 cents a share, in the latest quarter. Revenue at the company rose four percent to US$9.87-billion. Read more: MarketWatch

Gallery

While we have your attention...

An increasingly rare commodity, quality independent journalism costs money - though not nearly as much as its absence.

Every article, every day, is our contribution to Defending Truth in South Africa. If you would like to join us on this mission, you could do much worse than support Daily Maverick's quest by becoming a Maverick Insider.

Click here to become a Maverick Insider and get a closer look at the Truth.


SCORPIO

SARS & Gartner – global advisory giant’s mysterious deal with Moyane’s friend follows a pattern of tender corruption

By Pauli Van Wyk

"We spend the first year of a child's life teaching it to walk and talk and the rest of its life to shut up and sit down. There's something wrong there." ~ Neil deGrasse Tyson