Don’t know who owns Disney now, but I think it is not in the Disney family anymore. Is this correct?
Trek, which was pretty well done, had a lot of crude stuff in it, which I can’t fathom why, but I’ve heard the last Trek movie was worse in this regard.
Profits being down may not be due to this, but they are not raking it in lately.
“Disney profits slide
BY JASON GARCIA crline Orlando Sentinel
Walt Disney Co. profit sank 7 percent during the final three months of its fiscal year, disappointing Wall Street as one-time adjustments dragged down the company’s television networks and theme parks and more than offset gains from the blockbuster movie ``Toy Story 3.’’
Business remained soft at Walt Disney World during the July-through-September period, though the company said the resort’s fall bookings are beginning to pick up.
``Overall, we’re encouraged by many of the trends we’re seeing in our businesses,’’ Disney Co. Chief Financial Officer Jay Rasulo said during a Thursday afternoon conference call with analysts.
“Disney made $835 million during the quarter, which ended Oct. 2, down from $895 million last year. Revenue dipped 1 percent to $9.7 billion.”
http://www.miamiherald.com/2010/11/15/1926705/disney-profits-slide.html
It is a public company (DIS), traded on the New York Stock Exchange, with large numbers of shareholders.
I believe Roy Disney, may he rest in peace, was one of the last of the Disney family to be heavily involved in the company. He died in December of last year. A few years ago, he led a stockholder rebellion against the direction the current management was taking the company. It succeeded in ousting Eisner.