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March 11, 2008
Iger Anticipates $1B Online Revenue
The Walt Disney Co. expects to collect $1 billion in revenue from online content this fiscal year, a significant rise from estimates for fiscal 2007, CEO Robert Iger announced. Iger told analysts the company has been "fairly aggressive" in expanding onto the Internet to extend consumer contact with its most popular franchises and create new revenue streams. "If we're not there, (people) will just access someone else's content," he said in comments.
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