LaughingPlace.com’s FanBoy has an excellent analysis of the recent 3rd Quarter numbers for the Walt Disney Company. (I also share Fanboy’s frustration with the Anaheim City Council.) Of particular note is this catch I haven’t seen reported elsewhere:
When asked if Disney is worried about being a cyclical business, Tom and Bob both respectfully disagreed. They felts that when the company wasn’t performing well it was that they were suffering a creative crisis that happened to coincide with an economic downturn. I take this to mean that when Michael Eisner blamed his challenges on the economy, the current administration blamed it on not offering a quality entertainment product.
This tells me that Disney is being run by people who know what their business is, delivering quality Disney branded product and that gives me hope!