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Disney up 21%, 'Hannah Montana', 'Robinsons' boost revenue

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  • Disney up 21%, 'Hannah Montana', 'Robinsons' boost revenue

    Disney profits up 21% in 2nd quarter

    'Hannah Montana', 'Robinsons' boost revnue

    Disney rode the success of pics including 'Enchanted'
    to $377 million in studio entertainment profit in the second quarter.

    By Dade hayes
    Variety
    May 6, 2008

    Disney's streamlined film strategy is starting to pay off.

    The conglom reported stellar fiscal second-quarter results propelled by the studio division and surprisingly healthy theme-park numbers. Operating profit from all segments rose 21%, and revenue increased 10% over the year-earlier period. Income from continuing operations increased 22% to $1.1 billion.

    Of total revenue of $8.7 billion in the quarter ended March 29, $2.4 billion was recorded as operating profit by the conglom's four units. Only consumer products saw operating profit decline, off 14% despite a 10% rise in revenue.

    Although Disney has recently emphasized the company's efforts in growing its consumer products biz, cruise lines and other non-Hollywood operations, it was the core business of movies and television that burnished the Mouse's earnings report.

    Studio entertainment profit soared 61% to $377 million, due partly to favorable comparisons with the year-earlier period, when it ran up a hefty marketing and distribution tab for March 2007 release "Meet the Robinsons." Also in the quarter came a surprising B.O. showing for the studio's "Hannah Montana/Miley Cyrus: Best of Both Worlds" concert pic.
    full article at:
    http://www.variety.com/article/VR111...goryid=18&cs=1
    "If you don't know how to draw, you don't belong in this building" - John Lasseter 2006

  • #2
    Re: Disney up 21%, 'Hannah Montana', 'Robinsons' boost revenue

    LA Times also had a good article this morning in the business section.

    Things I found interesting in the LA Times article: (1) Parks and Resorts division had revenue of $2.73 billion, (2) a 26% jump in international travelers due to weak dollar, and (3) about 75% of the hotel rooms are deemed "moderate or value priced" (as compared to 55% in 1991).

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