Focus on Entertainment Stocks : Spotlight: Walt Disney Co.
Fiscal 1992 was a banner year for Walt Disney Co. CEO Michael D. Eisner helped it increase profit by 28.2% from a year ago and revenue by 23%. A new digitally restored version of “Snow White” was released last Friday--the first time the cutting-edge high-resolution technology has been applied to a feature-length film. Also last week, an environmental impact report for the Westcot expansion in Anaheim received unanimous approval from the City Council.
Major Properties
* Movies: “Snow White and the Seven Dwarfs,” “Aladdin,” “Sister Act”
* Cable: Disney Channel
* Television: KCAL-TV, Los Angeles; “Home Improvement”
* Theme parks: Disneyland, Euro Disney, Walt Disney World, Tokyo Disneyland
Financial Data
* Market capitalization: $21.4 billion
* Cash: $764.8 million
* Long-term debt: $2.3 billion
* 1992 revenue: $7.5 billion
* 1992 profit: $816.7 million
* Earnings per share: $1.52
* Dividend: 0.54% yield
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