The Walt Disney Co. reported a marked decline in second-quarter (fiscal year) profits, as a staggering economy took its toll on the company’s studio, television and theme parks units.
For the three months ended March 31, Disney posted $613 million in net income, a 46 percent drop versus the year-ago period, on revenues of $8.09 billion.
Disney’s movie business accounted for the greatest segment declines, as studio revenue fell 21 percent, to $1.44 billion. On the other hand, the Mouse’s media networks unit posted slight gains versus FY Q2, as the TV arm grew revenue 2 percent to $3.62
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