Disney’s first quarter reported earnings are up

Walt Disney World’s parent company reported earnings at $1.7 billion up from the same quarter in 2005. Sources indicated that Disney has enjoyed strong performance in video and television sales compared with the same period last year. Gains are primarily due to releases of Pirates of the Caribbean and The Little Mermaid.

Unlike the attendance at Disneyland in California, attendance at Disney World Orlando increased by 3% during the first quarter of 2007 as well as bookings. Fortunately, increased ticket prices and attendance offset the rising costs for operation.

Unfortunately, international travel is not expected to contribute to any significant growth due to a weaker dollar in 2007.