Yes dear, its coming back… Walt Disney’s head of Internet group Steve Wadsworth said on Wednesday its wireless and high-speed Internet offerings would boost its Internet unit’s profit margins to about 25 percent in the coming years…(hands up on who knows what Go.com was?)
The unit’s main lines of revenue now come from online advertising and Disney merchandising, both of which Wadsworth expects to grow 20 percent in fiscal year 2004, and premium subscription services such as online games, which he expects to grow 50 percent.
And of course, wireless content is a big part of Disney’s future ambition…”I feel the long-range opportunity for delivery of content over cellular phones is significant,” Wadsworth said. “It will grow slower in the U.S. than in Japan but it will be significant.”
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