The Mouse Sags

... just a wee bit.

Walt Disney Co. revenue dropped 3 percent during the fiscal first quarter, a period in which the entertainment giant saw declines in its studio and cable television businesses.

Disney on Tuesday reported earnings of $1.55 per share on revenue of $14.8 billion. While profits dropped by 14 percent during the quarter, the entertainment giant still beat Wall Street's expected $1.50 per share. Analysts, meanwhile, were expecting revenue of $15 billion. ...

The company is basically into the swing-for-the-fences style of movie-making. And the company has been remarkably adept at hitting them. Trouble is, when your first Star Wars blockbuster does business of $2 billion, seeing your second Star Wars blockbuster only make a billion is ... a let down?

Mr. Iger, now of retirement age, has no successor when his contract runs out in 2018. (Tom Staggs, the man slated to assume the Chief's job, began having deficiencies after years of strong service, and was let go. This is sometimes known as "Top Dog wants to stay on; Secondary Dog gotta go missing. And stockholders have no problem with that.") As there will likely be no obvious replacement CEO in 2018, hints are now being dropped that Mr. Iger might stay on past the end of the current contract.

The extension is as likely as the sun coming up tomorrow morning, since Robert Iger is in robust health and clearly in no hurry to exit. And as long as the company continues to hum along, everyone will be just ducky with that.