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Last Updated: Friday, 19 November, 2004, 10:16 GMT
TV networks buoy Disney profits
Mickey Mouse
Hurricanes hit Disney World profits but other theme parks fared better
Profits at Walt Disney have jumped after a strong performance from the firm's TV channels offset weaker revenues from its movie studio.

Disney reported a 24% rise in profits to $516m (278m) for the three months to 30 September.

The firm's TV unit - which includes ABC, ESPN and the Disney Channel - saw operating income jump 50% to $448m.

Its theme parks business also saw profits rise despite the impact of Florida hurricanes on Disney World.

Disney said the impact of the severe weather had been countered by visitors to other theme parks staying for longer at new budget hotels.

Total sales for the quarter were up 8% to $7.54bn, Disney said.

The company is still seeking a way of countering the loss of its deal with Pixar, which made Finding Nemo and Toy Story.

Pixar, famous for its near-lifelike animation, has negotiated tough terms with Disney, which will only get 50% of the profits from The Incredibles, Pixar's latest film release.

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