Disney profits little changed despite "Lone Ranger" flop

Walt Disney said third-quarter profit was little changed amid costs to market the box-office disappointment “The Lone Ranger” and shrinking revenue at ABC television.

7th August, 2013
Disney expects to record a loss this quarter of as much as $190 million on “The Lone Ranger”.

Walt Disney, the world’s largest entertainment company, said third-quarter profit was little changed amid costs to market the box-office disappointment “The Lone Ranger” and shrinking revenue at ABC television.

Net income rose to $1.85 billion from $1.83 billion a year earlier, Disney said last night in a statement.

“Given the number of headwinds we faced, we are very pleased with the financial results we delivered,” chief financial officer Jay Rasulo said on a...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Newsround: What Thursday’s papers say