The giant Walt Disney Co.’s quarterly revenue fall 46 percent of this year particularly at its movie-studio and theme-park sector. Robert Iger, the chief executive and President called the quarter “difficult … due to the weak economy and other factors”.
Disney made total revenue of $613 million in first 3 months of 2009, low from $1.13 billion one year ago. The movies of Walt Disney have demonstrated to be a box office disappointment in this year and the income at theme parks, which provide approximately a quarter of the company’s earning, fell 50 percent and profits turned down 12 percent.
So, to recover their loss, Disney has been providing reduction offers to increase audience and has cut almost nineteen-hundred jobs in the unit.
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