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Disney still has high hopes for such forthcoming films as the Jerry Bruckheimer epic "King Arthur" and Pixar's "The Incredibles The movie just underperformed," Disney head of distribution Chuck Viane said Sunday "Given the performance we're seeing in our businesses, we remain confident in our ability to deliver attractive growth in our earnings," said chief financial officer Thomas Staggs On Monday, in the face of analyst concerns and bad press surrounding "The Alamo," Disney issued a confident statement, saying it expected even better earnings growth than it previously forecast "The Alamo" is unlikely to recoup its costs, even at the international box office and in DVD release, some analysts said Monday 70 Monday on the New York Stock Exchange , which some analysts believe will be withdrawn soon, might be given new life if Disney continues to stumble " The much-hyped historical film, which cost as much as $140 million to make and market, met box office disaster during its opening weekend, pulling in only $9 "The Alamo," which was expected to be one of Disney's big "tentpole" releases this year, finished fourth at the box office after Fox Searchlight's "Johnson Family Vacation," which debuted in far fewer theaters and cost only about $21 million to make " But the survival of Disney chief executive Michael Eisner is predicated on the company meeting its goal of 30 percent earnings per share growth this year, as well as double digit growth through 2007 It was also up against "The Passion of the Christ," which led the weekend's box office returns with $15 "Now we just have to see if the movie has any legs Disney's 'Alamo' May Be a Losing Battle Apr 12, 5:57 PM EST Disney may want to forget "The Alamo The company might also wait until the third quarter to take a writedown, hoping for a box office recovery during the next few weeks And an unsolicited bid from cable television giant Comcast Corp Analysts still believe the company will meet its near-term financial targets based on a recovery at its theme parks, growing profits at its ESPN cable sports network and strong DVD sales from last year's films, including the Pixar Animation Studios production "Finding Nemo Disney could write off as much as $80 million on "The Alamo" alone, in addition to a $70 million combined write down for "Home on the Range," and the Coen Brothers film, "The Ladykillers," according to Jordan Rohan, an analyst at Schwab Soundview Capital Markets " Shares of the company were down 34 cents to close at $25 That's bad news for Disney, which has had a string of box office disappointments this year, including its animated "Home on the Range," as well as "Hidalgo" and "Ella Enchanted 2 million in revenue "In fact, assuming a continuation of the favorable economic conditions and trends we're seeing, we believe that we will deliver earnings growth from continuing operations of more than 40 percent for this fiscal year, versus the 65 cents per share we reported last year 1 million and leading some analysts to trim second-quarter earnings estimates for The Walt Disney Co " "I have no excuse The Mel Gibson-produced film about Jesus Christ's last hours has earned more than $350 million since its February release " Disney could write off much of the film's cost against its second quarter earnings, however, even though "The Alamo" was released during the third quarter of its fiscal year, analysts said It didn't help that "The Alamo," which opened to mixed reviews, arrived in theaters on Easter weekend, a traditionally slack time for movies " Disney officials declined comment Monday â€â€?â€â€?â€â€? On the Net: City of Tupelo: http://tupelo com/ com, The Official Site: http://www The Kinards said they got the idea to provide plots for Elvis fans a decade ago while watching observances in memory of Elvis, and they purchased the property in January elvis William and Judy Kinard broke ground Thursday on a cemetery dedicated to Elvis, located within walking distance to the small rural house where he was born on Jan Burials Available Near Elvis Birthplace Aug 1, 11:48 AM EST Elvis Presley fans looking to cement their devotion will soon be able to buy burial plots near the King's birthplace net/ Elvis An official Mississippi landmark, the house draws an estimated 50,000 visitors each year Burial costs will range from $1,500 for an urn niche, $2,500 for a plot and $5,000 for a mausoleum 8, 1935 The city of Tupelo has given the initial OK for the cemetery, which still needs final approval for the project design There won't be any statues or salutes to Elvis on the cemetery grounds, but a four-room shotgun shack on the property will hold parts of a collection maintained by Elvis' childhood friend, Becky Martin |
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