The news is out that Disney Studios will post a loss of $200-$300 million this quarter.
Chief Financial Officer Thomas Staggs warned Wednesday, describing the
studio’s performance as "considerably worse than we anticipated." Staggs said the loss was driven in part by such industrywide
problems as a lethargic box office and a cooling off of the
once-sizzling DVD market.
Oy. Add to this the Delta Airlines lease problems, potential travel issues with high gas prices, and the fact that a lot of disposable income is going to help Katrina victims, and you could see a real impact on the mouse’s bottom line this year.