Disney Exec Cites Expected Areas of Growth - But Not the Movies
NY Times - 9/15/09
Where does Disney see its growth coming from in the next three-to-seven years? Apparently, everywhere but movies.
When someone pointed out that film was the only area he didn’t mention, Mr. Staggs joked that he just got tired of talking. (Crickets.) He then said that Walt Disney Studios, which lost money in the most recent quarter, will continue to be an important part of the company’s franchise approach to content, but that there are no expectations for “dramatic” expansion there.
“There’s certainly room for recovery,” he said.
This investor is not amused.