Tuesday, September 18, 2007

Disney Says Park Bookings Strong Despite Economy

Disney's Chief Financial Officer Tom Staggs said that he has not seen the weakness in the economy affecting theme park bookings.


"It seems to me ... the estimation of how exposed our theme park business is to the economic cycle is probably a bit high. It's overestimated," he said at the Merrill Lynch Media and Entertainment Conference.

"I know there's a lot of concern about where the economy is going now, and I don't have any predictions for you about the economy," he said.


This is good. However, if Disney continues raising their ticket prices, at some point, the combination of the two will start affecting the park attendance.

Zz.

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