Tuesday, February 03, 2015

Happy Days


DreamWorks Animation is having its problems, but not its crosstown rival.

... Shares in the Walt Disney Co. shot up more than 4.5% in after-hours trading Tuesday shortly after the Mouse House posted record fiscal first quarter results.

The stock gained $4.25 to trade at around $98.35, shortly after Disney chief Bob Iger discussed the quarterly results. ...

All five of Disney’s divisions — media networks, parks and resorts, the studio, consumer products and Disney interactive — posted better-than-expected results for the holiday quarter that ended Dec. 27. ...

Disney is firing on all cylinders. Interactive used to be a weak link in the Mouse's creative chain, but not lately. Even measles doesn't slow down Disney parks.

As Fortune relates:

... Frozen remains one of Disney’s DIS 2.36% hottest properties more than a year after it became the highest-grossing animated film of all time. The film’s merchandise lifted last year’s U.S. retail toy sales and contributed to a strong quarter for Disney. ...

The big number: The “Mouse House” reported a 22% bump in consumer product sales for the quarter, to $1.4 billion. Frozen merchandise sales drove the increase once again. Toys and other products related to the film, which was actually released in November 2013, sold well throughout 2014 and drove a 7% increase in full-year consumer product sales last year for Disney. ...

The Diz Co. feature continues to generate piles of cash, which undoubtedly delights Robert Iger's soul.

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