So Walt Disney Co reported terrible 1st-quarter fiscal results after the market closed today, and the drop in profits sent Disney shares down sharply in late trading. But here’s what interests me: Disney for the first time is breaking out its Disney Interactive Media Group (i.e. New Media) numbers. The Mouse House said the revenue increased 13% to $313M, but the operating income decreased $58M to a loss of $45M because of higher marketing expenses and other factors. But do these revenues include film and television downloads sold through, say, iTunes?
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