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Disney Financial Reports; Volvo Ocean Race Update

11/17/2005

Financial reports for Oriental Land Company (Tokyo Disneyland Resort) and EuroDisney S.C.A. have been released. The Walt Disney Company's fourth quarter report is expected to be released today.

The April 1-September 30 consolidated financial statement for Oriental Land Company can be viewed at this link and the EuroDisney S.C.A. annual results report for fiscal year 2005 can be accessed at this link.

Analysts are predicting a weak fourth quarter from The Walt Disney Company, with expected returns of 18 cents per share on revenue of 7.88 billion USD. In September, Disney stated the studio division could post losses of as much as $300 million USD due in part to weak performance of several releases from its Miramax division. The losses were expected to be more than offset by the strength of its cable and broadcast television divisions and its theme parks, with park attendance remaining high due to the 18-month "Happiest Celebration on Earth" promotion celebrating Disneyland's 50th anniversary.
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Be sure to check out Keep To The Code's set visit report by Lady Killigrew, including concept art and a first look at Pirates of the Caribbean 2: Dead Man's Chest.
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According to the Telegraph, Volvo Ocean Race skipper Paul Cayard's Black Pearl has been pulled from the first leg of the race for inspection and repairs before heading out on the second leg of the journey.

Click here for the story.
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