Walt Disney Co. reported a 6% drop in first-quarter earnings, compared with a year ago, in part because of charges associated with its high-profile dispute with the creator of "Who Wants to Be a Millionaire" and a decline in operating income at the film studio.
The Burbank entertainment giant reported net income of $1.4 billion, or 77 cents a share, for the quarter ending Dec. 29, down from $1.5 billion over the same period in 2011.
Revenue for the first quarter rose 5% to $11.3 billion.
Quarterly results were dragged down by $321 million in charges related to legal dispute with the producer of the popular ABC game show "Who Wants to be a Millionaire." A federal jury in 2010 ordered Disney to pay Celador International, the British company that created the game show, $269.4 million in damages over its accounting practices, along with $50 million in pre-judgment interest.
Operating income for Disney's media networks group, which includes the ABC network, local television stations and cable networks such as ABC Family and Disney Channels, rose 2% to $1.2 billion. Revenue for the first quarter reached $5.1 billion, up 7% from the comparable quarter.
Parks and resorts reported operating income of $577 million, a gain of 4% from 2011. Revenue climbed 7% to $3.4 billion, because of increased guest spending at Walt Disney World Resort in Orlando and Disneyland Resort in Anaheim.
The film studio's quarterly operating income fell 43% to $234 million, compared with a year ago. Revenue fell 5% to $1.5 billion.
The troubled Interactive media group posted its first quarterly profit -- of $9 million -- compared with a loss of $28 million in the fourth quarter of 2011. Revenue was up 4% in the quarter to $291 million.