Disney wins earnings, Time Warner battles

Article Abstract:

It was a double celebration for Walt Disney as it reported strong 2nd qtr 2000 earnings and a favorable federal ruling over its dispute with Time Warner. The entertainment conglomerate registered second-quarter earnings of $369 million or 18 cents per share. It represents a 31% increase over earnings for the same period in 1999. On the other hand, the FCC ruled that Time Warner violated FCC rules when it blacked out Disney's ABC stations on its cable systems during the 'sweeps' ratings month.

Television Broadcasting, TV Stations, Television stations

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2000 box office take rises, but industry holds its applause

Article Abstract:

The motion picture industry's box office revenue in 2000 rose by 2%, compared with revenue posted in 1999. Walt Disney was no 1 for the third consecutive year with such movies as 'Remember the Titans' and 'Dinosaur.' followed by Vivendi's Universal Pictures with such hit films as 'Meet the Parents' and 'Dr Seuss' How the Grinch Stole Christmas.' The increase in movie ticket sales, however, did not prevent five of the largest movie theater chains to seek bankruptcy protection in 2000.

Motion Picture and Video Exhibition, Motion Picture Theaters

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Weak earnings change Disney's focus

Article Abstract:

Entertainment conglomerate Walt Disney Co has announced that its earning fell by 22% to $1.4 billion, or 66 cents per share, although its revenues grew by 2% to $23.54 billion. The company said that it will discontinue its aggressive growth, including its goal of 20% annual growth and will instead focus on strengthening its core assets. Disney is projecting cost savings of $500 million by 2001.

Diversified Companies

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