Happiest place on Earth starts to become gloomy during 2009 Q1
DISNEY – home of the happiest creatures on Earth where everyone seems to be brought back to their childhood days got a very disappointing result when they unveiled the earnings that they got during the first quarter of 2009.
During the last year’s Q1, Disney had an average revenue of almost $11 billion. But in this year, it had decreased by as much as 9 percent since they only got at least $9 billion. The much-loved theme parks as well as the advertising market are still dropping despite the efforts of the company.
The income of the resorts and the magical theme parks (Disneyland) dramatically decreased by more than 20 percent this year. There were less families who travelled and visited the Disneyland during the past few months and most of the rooms were left unoccupied. This reduced attendance of the Disney fanatics was not only obvious in California but in Paris as well.