Walt Disney Q4 results were hurt by decreases at Media Networks, Studio Entertainment and Consumer Products & Interactive Media, partially offset by growth at Parks and Resorts.
Growth at Parks and Resorts was due to increases at international and domestic operations. Graphics of results http://alphastreet.com/b2824882
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Ok? This has been kind of the news for the last year or so. Like many media companies, Disney is being hurt by competition they never saw (Netflix, Amazon, Hulu, etc).