Disney's fourth quarter top and bottom line results beat Wall Street analyst expectations. Net income grew 18 percent on four percent higher revenue, despite some tough comparisons with last year's summer quarter, when the economic downturn had yet to fully hit the theme parks. Right after Disney's earnings call I sat down with CEO Bob Iger to hear about what's driving the company's growth and what's holding it back.

The midnight debut of "Call of Duty: Modern Warfare 2" lived up to expectations. Early this morning Activision/Blizzard reported that the game sold about 4.7 million copies, in North America and the United Kingdom Alone.

Tom Staggs, the company's long-time Chief Financial Officer, will become Chairman of the Parks and Resorts division. The chairman of the Parks and Resorts division, Jay Rasulo will take his role of Chief Financial Officer.

This has been a momentous quarter for Disney spacer, between an overhaul of the movie division...a major acquisition, and progress towards theme park expansion in China and a new production facility.

Ahead of Disney's earnings, due after the bell Thursday, the Magic Kingdom announced a major movie studio restructuring, reorganizing its marketing, distribution and operations and announcing promotions and new positions. CEO Bob Iger has blamed the studio's disappointing performance over the past year or so on weak product and marketing. This is just the latest step to focus and streamline the studio on Disney-branded, franchise-friendly movies.

Rupert Murdoch isn't what one would call "subtle." In an effort to illustrate the value of News Corp's online content, he's laid down the gauntlet to Google and other search engines and aggregators.