Monday, May 5, 2008

Earnings Preview: Walt Disney

Disney to report 2nd-qtr results; analysts watching for theme park and national ad weakness

NEW YORK (Associated Press) - Walt Disney Co. reports earnings for the second fiscal quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period.

OVERVIEW: Disney's movie studio hits included "National Treasure: Book of Secrets," "Enchanted" and its 3-D hit "Hannah Montana/Miley Cyrus: Best of Both Worlds Concert Tour."

Disney said it will team up with several Japanese companies to produce animation for television in Japan. Disney also plans to publish Indian-language story books for the first time.

The company signed Chief Executive Robert Iger to a new five-year contract that will pay him an annual salary of $2 million plus bonuses and stock awards that could be worth millions more.

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