This article comes to us from the LA Times.
ESPN‘s World Cup soccer coverage and the strong box-office performance of films including Disney/Pixar Animation Studios’ “Toy Story 3” helped buoy Walt Disney Co.‘s bottom line in the third quarter.
The media giant reported a 40% jump in earnings to $1.3 billion, up from $954 million a year earlier. Revenue reached $10 billion for the three-month period ending July 3, an increase of 16% from a year ago.
In a call with analysts, Walt Disney Co. Chief Executive Robert A. Iger highlighted the film studio’s summer performance, noting that it released three of the top five films worldwide in “Toy Story 3,” Disney’s “Alice in Wonderland” and Marvel Entertainment’s “Iron Man 2.” The three pictures not only were a financial success but also have fueled other businesses such as merchandise sales, he said.
” ‘Toy Story’ merchandise sales reached new heights as consumers responded to a fresh line of well-designed products available globally,” Iger said. “And this bodes well for Pixar‘s next feature film, ‘Cars 2,’ ” due in June 2011.
Click here to keep reading.
Photo by Stefan Wermuth, Reuters
Let our friends at Destinations to Travel help you book your next Disney Vacation. They are the preferred Travel Agency of Chip and Company and Disney Addicts, and who we use ourselves.
Get started below for your FREE No Obligation Quote.
Book With our friends at Destinations to Travel
For the BEST in Disney, Universal, Dollywood, and SeaWorld Theme Park News, Entertainment, Merchandise & More follow us on, Facebook, Instagram, and Youtube. Don't forget to check out the Chip and Company Radio Network too!
