Tuesday, October 15, 2019

“ALICE” A WONDER FOR DISNEY’S BOTTOM LINE

May 12, 2010 by · Leave a Comment 

Demonstrating how a single blockbuster film can turn a movie studio around, the Walt Disney Co. said Tuesday that its operating income increased during the second quarter to $223 million from just $13 million for the same quarter a year ago. The company credited sales of tickets for Tim Burton’s Alice in Wonderland for the increase, a movie that has earned $331 million domestically and $962 million worldwide. In a conference call, Disney chief Robert Iger also noted that Alice will be coming to DVD and Blu-ray in just a few weeks (June 1). Persuading theater owners to go along with the early home video release represented a “hard-fought victory,” Iger said.