Thursday, September 23, 2021

DISNEY REPORTS MARVEL-OUS QUARTER

August 6, 2014 by · Leave a Comment 

"We’ve now generated greater earnings per share in the first three quarters of fiscal year 2014 than we have in any previous full fiscal year," Disney chief Robert Iger said during a conference call following the company’s most recent quarterly report. Iger credited Disney’s Marvel unit for that result, citing in particular ticket sales for Captain America: The Winter Soldier, which has earned $713.6 million since its release in April, and Maleficent, which has earned $727.5 million. All in all, it was a far cry from the same quarter a year ago when the company was wringing its hands over the failure of its big-budget Lone Ranger. Sales of toys and other merchandise related to the Marvel and Disney brands also soared during the quarter to $273 million — up 25 percent from the year-ago quarter. And while higher-priced tickets and more spending at concession stands boosted revenue at Disney’s principal theme parks in Anaheim and Orlando, continued problems at Disneyland Paris offset most of those earnings. Meanwhile, ESPN, which has previously been the driving force of Disney profits, produced flat results for the quarter.