Orlando Blog - Orlando Vacation

Information and news updates on Orlando Florida and Central Florida tourism information. This blog will try and cover all thing Orlando - from the nightlife to the Orlando Magic to the theme parks.

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Thursday, February 8, 2007

Disney increasing growth

Walt Disney World has been in business since 1971, many people have travelled from all over the world to see Mickey and Minnie the original characters of Disney World. Recently Disney has found new ways to increase their business by board casting TV programs like the Disney channel for little children, coming out with new movies like the Pirates of the Caribbean: Dead's man Chest, Cars, and the Little Mermaid. They also have profited a large amount of money for working with other companies including E! Entertainment and the magazine US Weekly. The parent of the Walt Disney World on Wednesday February 8, 2007 reported that it earned $1.7 billion, or a share of 79 cents. They have also reported that during the same quarter in the year of 2005, the company earned $734 million or a share of 37 cents.
Disney Chief Financial Officer Tom Staggs said the attendance at Disney World increased about 3 percent during the quarter, and the bookings through March also increased. Disney has also combined with the sport network ESPN to pick up the Monday Night Football game from ABC. Disney decided to close their shares at $35.48 on Wednesday February 7, 2007, up 29 cents. It was reported that International travel wasn't the driver of growth at Walt Disney World, it doesn't look like the weak dollar has brought an abnormally large number of people to the theme parks.