Disney CFO sees improvements in studios, parks
LOS ANGELES, Dec 5 (Reuters) - Walt Disney Co. sees improved margins at its theme parks and continuing profitability improvements at its movie studio in fiscal 2007, Disney Chief Financial Officer Tom Staggs said on Tuesday.
"We feel very good about how our business is positioned," Staggs told a Credit Suisse analyst conference in New York. "I think you are going to see improvement in margins in theme parks ... (and) continued improvement in profitability in (Walt Disney) Studios.
Staggs also said the company expects the DVD for its animated film "Cars" to sell as well as its mega-hit "The Incredibles" did in 2005.
Disney's ABC television network sees advance sales for its prime-time advertising rising in the mid-single digits in percentage terms from last year, he said.
The company plans to increase its investment in video games to $350 million in the next five years, Staggs said.