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?
Subscribe to Deadline Breaking News Alerts and keep your inbox happy.