Tuesday, May 08, 2012

Disney Makes Money!

The Mouse is, apparently, still profitable.
Overcoming its disastrous film flop "John Carter," Walt Disney Co. reported strong quarterly earnings, helped by robust television and theme park income, and forecast a rosy future with plans for a sequel to its current hit, "The Avengers."

Disney posted quarterly net income of $1.14 billion, or 63 cents a share, a 21% increase from a profit of $942 million, or 49 cents a share, a year earlier. Revenue rose 6% to $9.6 billion for the second quarter ended March 31 compared with the same quarter last year. ...

The movie studio part of the company didn't do very well, dragged down by John Carter. (It lost $84 million.) But that's old news. Top-kick Robert Iger focused on The Avengers' opening weekend. (Why dwell on the disasters of a month ago when there are brand new victories to crow about?)


Site Meter