Heey now. Who needs big theatrical grosses?
'Cars 2' Toys Drive Higher Second-Quarter Results at Mattel
Mattel's second-quarter profit jumped 56 percent as toys tied to the Disney/Pixar movie Cars 2 helped drive the toy maker's latest financials. Quarterly profit of $80.5 million compared with $51.6 million in the year-ago period as revenue rose 14 percent to $1.16 billion. The results exceeded Wall Street expectations.
So even as the talking autos fade at the nation's AMCs, the toy versions are flying out the door of kiddie retailers. And the Mouse (also Mattel) get to open their own mints.
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9 comments:
Steve, you forgot this part:
"As I mentioned earlier for Disney Princess, our rights extend to most the world now. Tangled sales have been outstanding, and the property continues to perform very well. We're excited that Disney will be releasing an all-new Tangled animated cartoon short in 2012, featuring the wedding of Rapunzel and Flinn, which will firmly establish her in the princess family."
http://seekingalpha.com/article/279683-mattel-s-ceo-discusses-q2-2011-results-earnings-call-transcript
Since Cars and Toy Story, and now Pooh drives Disney's toy lines and merchandise, where does that leave their dead princess lines? They don't seem to be doing very well with that any more.
Steve, I dont know if you're aware, but we have a resident troll now. He/she likes to repeatedly and obnoxiously contradict facts and data immediately after someone posts them, just to get a rise out of other commenters.
Please, for the love of god, start using a registration-required (with a union email) anonymous format for this blog. It'll keep the crazies out and maybe we can meaningful discussions here.
I've got a better idea.
I can just skip through the comments and surgically excise the trollery. As I've done here.
Works for me.
Except that Anonymous 12:07:00 PM post still exists.
Where are all the astroboy toys?
Where are all the astroboy toys?
In Japan.
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