A spectacular year for Disney
Thanks to the Caribbean curse: The profits of the Walt Disney media group jumped in the fourth quarter. The California-based company increased its net income by almost a third overall.
Thanks to the Caribbean curse: The profits of the Walt Disney media group jumped in the fourth quarter. The California-based company increased its net income by almost a third overall.
In addition to the box office hit "Pirates of the Caribbean 2," other successful films such as "Cars" also ensured that Disney's profits doubled in the fourth quarter of fiscal 2005/2006 - the Group closed its financial year on September 30. In addition, the company recorded above-average ratings and advertising revenues for its ABC television channel, ESPN sports channel and other cable television channels. Walt Disney also benefited from the solid performance of its theme parks, according to SDA.
The Group thus increased its profit for the year by an impressive 33 percent to 3.4 billion US dollars. Annual sales rose by seven percent to 34.3 billion US dollars. The result is all the more remarkable given that Disney has not done particularly well in recent years, with the studios, for example, reporting a loss of 313 million US dollars last year. "Disney had a spectacular year," said group CEO Bob Inger in reference to the record profits and sales. Inger had taken over the leadership of the media giant just over a year ago.
In addition to the box office hit "Pirates of the Caribbean 2," other successful films such as "Cars" also ensured that Disney's profits doubled in the fourth quarter of fiscal 2005/2006 - the Group closed its financial year on September 30. In addition, the company recorded above-average ratings and advertising revenues for its ABC television channel, ESPN sports channel and other cable television channels. Walt Disney also benefited from the solid performance of its theme parks, according to SDA.
The Group thus increased its profit for the year by an impressive 33 percent to 3.4 billion US dollars. Annual sales rose by seven percent to 34.3 billion US dollars. The result is all the more remarkable given that Disney has not done particularly well in recent years, with the studios, for example, reporting a loss of 313 million US dollars last year. "Disney had a spectacular year," said group CEO Bob Inger in reference to the record profits and sales. Inger had taken over the leadership of the media giant just over a year ago.
