Disney Wraps Up Year With Revenue, Income Declines
This week, Disney (NYSE: DIS) announced lower annual revenue and profits for the first time in seven years. A weaker movie release slate, as compared to the prior year's blockbuster run, contributed to reduced operating results in fiscal year 2017. But the bigger impact came from the accelerating move by TV fans away from the broadcast media ecosystem that's been such a reliable source of Disney's strength.
Let's take a closer look at the results.
Image source: Disney.
Source: Fool.com
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