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vrijdag 6 januari 2012

Disney to recognize some ESPN revenue earlier

Disney to recognize some ESPN revenue earlier

Walt Disney Co's ESPN cable network will recognize some affiliate revenue earlier in the year as a result of a new agreement with Comcast Corp, Chief Financial Officer Jay Rasulo said on Thursday.

About $70 million to $80 million will be moved forward in each of the fiscal first and second quarters, or about 2 cents per share of earnings, Rasulo said at the Citigroup Global Entertainment, Media and Telecommunications Conference.