Disney Announces Higher Profits in 4th Quarter
Friday, November 9, 2012
By: Tom Parkinson

November 9, 2012 | WMFE - Good news for Central Florida's largest employer. The Walt Disney Company is reporting increased profits for the 4th quarter of 2012. Disney credits strong attendance at its theme parks and the popularity of ESPN.

The Walt Disney Company reported profits of $1.2 billion dollars for the fourth-quarter of 2012.

Disney Chief Executive Officer Robert Iger credited improved attendance at some of the company’s theme parks along with the christening of a new larger cruise ship and growing popularity for the company’s ESPN sports-television channel.

Attendance at central Florida’s Walt Disney World was down slightly for the year but that was offset by a growing number of visitors at California’s Disneyland and at Disney parks in Hong Kong and Paris.

Last week, Disney announced it was buying Lucas Film, the company behind the Star Wars films for $4 billion dollars.

Disney employs more than 62 thousand workers in central Florida.