Media

Disney Profit Declines

Published on February 5, 2013
by Erica Orden and Nathalie Tadena

Walt Disney Co.’s fiscal first-quarter earnings slipped 5.6 percent as the entertainment giant recorded lower profits at its studio business.

Separately, Disney is developing films based on “Star Wars” characters, Chief Executive Robert Iger said Tuesday, in addition to the three sequels the company has already said it would make.

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