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Hello, and welcome to the Q2 2014 Walt Disney Company Earnings Conference Call. My name is Eric, I will be your operator for today's call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. Please note this conference is being recorded.
On Tuesday, Walt Disney DIS revealed long-rumored reorganization plans for its movie studio. We're comfortable with the firm's decision to cut the number of films that its Walt Disney Studios unit will develop each year to 12 or so, with 10 of those films carrying the Disney brand; the others will ...
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