Hurricane Irma's Got Nothing On Disney: Company Reports High Earnings

The Walt Disney Company appears to have weathered the storm, financially speaking, that is. 

Hurricane Irma closed Disney World for two days and disrupted five Disney Cruise itineraries, but the company reports parks and resorts revenues totaled more than $4.6 billion dollars for the fourth quarter. 

That's actually up 6.3 percent from the same quarter last year. 

On the negative side, Disney says its media networks, studio entertainment and consumer products divisions all saw decreases in revenues.

To combat challenges, Disney is reportedly developing family-friendly streaming services that it will sell directly to consumers to compete with Netflix Inc. and other rivals. Building those businesses tops the company’s agenda for the next year, according to a report by Reuters


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