September 13, 2012 / 5:26 PM / 5 years ago

Disney to write down $50 mln at movie studio unit

LOS ANGELES, Sept 13 (Reuters) - Walt Disney Co will record a $50 million writedown in its movie studio division during the fourth quarter, Chief Financial Officer Jay Rasulo said on Thursday.

The writedown is due to discontinued work at the studio, Rasulo said at a Bank of America Merrill Lynch conference.

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