A fun ride in Disney land

May 06, 2008 Disney on Tuesday posted an impressive $1.1 billion in net income in its fiscal second quarter and, in doing so, defied a weak U.S. economy that was supposed to have discouraged consumers from visiting expensive theme parks. [...] in a conference call with analysts who were eager discuss the parks and resorts division, CEO Robert Iger made them wait while he first gave props to Miley Cyrus and the Jonas Brothers. Sure, the company benefited internationally from a weak U.S. dollar, but Disney also saw increased attendance at Walt Disney World Resort and increased guest spending there, as well as increased revenue at Disney Vacation Club.

Subscribe to the Hollywood Reporter and see the entertainment industry from its best angle: the inside looking out. Complete access to real-time news and exclusive analysis that goes behind the scenes from film to television, home video to digital media.

   Subscribe now.