Overall revenue rose 5% for Walt Disney Co. in the fiscal first quarter, but losses at its film studio in the period more than erased modest gains at its cable and broadcast networks.
Disney reported overall revenue of $11.3 billion in the period ended Dec. 29, up 5% from $10.8 billion in the prior year. Net income for the period fell 6% to $1.38 billion (77 cents per share) and free cash flow declined 46% to $599 million from $1.1 billion a year earlier. ...
On the other hand, I visited the Hat Building this morning and Frozen is sledding right along. Beyond that, there are some shorts in work, and a second feature will go into production sometime around August.
So for the first time in a while, the studio will have two overlapping animated features in production. Which is a good thing.