Iger: $1 Billion From Online Content Revenues in 2008
This story was written by Rafat Ali.
So said Bob Iger at the Bear Stearns media conference today, in an otherwise lackluster interview. He said that Disney (NYSE: DIS) expects $1 billion in online content/services revenues in 2008, up from $700 million that it said it expected during fiscal 2007, which ended last September. The revenues come from online ads on sites and video, from subscription from kids, movies, music and other services (ClubPenguin is now part of it) and e-commerce that is not related to its theme parks (would be interesting to figure out how big a part that is).
By Rafat Ali