The Hollywood Reporter
Staff reports

Sept 18, 2007
Disney's A-OK

Bookings at Disney's theme parks are strong for the December quarter and there is no evidence of a downturn caused by the U.S. economy, CFO Tom Staggs said Monday. Staggs also told attendees of the Merrill Lynch Media and Entertainment Conference that bookings for the fiscal first quarter were up compared with a year ago. "The estimation of how exposed our theme park business is to the economic cycle is probably a bit high," he said. In August, Disney said fiscal fourth-quarter domestic attendance comparisons would be challenging given the company's successful 50th anniversary celebration last year. Disney shares fell fractionally Monday to $33.38.