Slight dip at Walt Disney

Consumer Products revenues decrease by three per cent in first fiscal quarter.
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The Consumer Products division of The Walt Disney Company saw a slight dip in its first fiscal quarter (ending January 2nd 2010).

Revenues dropped three per cent to $746 million, while segment operating income decreased eight per cent to $243 million.

The lower income was primarily due to decreased earned licensing revenue across a number of product categories driven by lower performance of High School Musical and Hannah Montana merchandise.

Elsewhere in the corporation, the Interactive Media division saw revenues decrease by 29 per cent, while Studio Entertainment revenues were essentially flat at $1.9 billion, with segment operating income up 30 per cent to $243 million.

Parks and Resorts revenues for the quarter stood at $2.7 billion, while Media Networks revenues increased by seven per cent to $4.2 billion.

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