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That's for the past year, including the blockbuster theatrical release of Shrek 2. No one expects the earnings to be anywhere near that much this year, average forward estimated PE is about 25. This number is pretty likely to fluctuate pretty widely, though it will even out as the management gets a better handle on things, the library builds and we see two theatrical and at least two (successful, one hopes) DVD releases per year, along with games, character licensing, etc.
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