p2pnet - rss feed: Disney hopes for $1 billion online
p2pnet news | Movies:- The Walt Disney company, “expects to collect $1 billion in revenue from online content this fiscal year, a significant rise from estimates for fiscal 2007,” says the Associated Press, quoting CEO Robert Iger.
AP doesn’t say if “expects” is based on hard reality, or wishful thinking.
Iger says Disney has been “fairly aggressive” in expanding online, “to extend consumer contact with its most popular franchises and create new revenue streams,” says the story, going on that Iger also stated:
“If we’re not there, (people) will just access someone else’s content”.
Adds AP:
“Disney’s online revenue came from advertising during its ABC network hits such as ‘Lost’ and ‘Grey’s Anatomy’ that are rerun on ABC.com; ads on sites such as ESPN.com; subscriptions to online games; downloads of movies and music; and e-commerce that is not related to its theme parks.
“Online sources account for less than 3 percent of company revenue. Disney posted total net income of $4.7 billion on $35.5 billion in revenue last year.”
[NOTE - p2pnet is running a special reader’s survey. It only takes 20-30 seconds and it’d be a huge help if you’d fill it in. Please click here. Cheers! And thanks … Jon]
Also See:
Associated Press - Iger: Disney to Reap $1 Billion Online, March 10, 2008
Use free p2pnet newsfeeds for your site. It’s really easy!
Subscribe to p2pnet.net | | rss feed: http://p2pnet.net/p2p.rss | | Mobile - http://p2pnet.net/index-wml.php
Net access blocked by government restrictions? Use Psiphon from the Citizen Lab at the University of Toronto. Go here for details. Download here.
