Consumer Products boosts Disney

Cars and Pirates contribute to solid revenue jump for third quarter.
Author:
Publish date:
Social count:
0
5_Pocoyo.jpg

The Walt Disney Company has reported strong results for its third quarter - with the consumer products division putting in a solid performance.

The division's revenues for the quarter increased 23 per cent to $549 million, while segment operating income increased 12 per cent to $118 million. This was mainly driven by increased unit volumes at Disney Interactive Studios, higher earned revenues at merchandise licensing and by Disney Store North America licence royalties, which began in the first quarter of fiscal 2007.

These gains were partially offset by a higher revenue share with the Studio Entertainment segment, increased marketing and video game development costs at DIS, plus higher operating costs at merchandise licensing.

Cars and Pirates of the Caribbean continued to be the big success stories for the company.

Meanwhile, the firm also revealed it has purchased kids' virtual world Club Penguin for $350 million in cash, plus up to $350 million more depending on the website's earnings in 2008 and 2009.

The Club allows children to control, dress and communicate through animated penguin avatars which live in an icy virtual world. Disney chief executive Robert Iger expects the Club to begin contributing to the company's bottom line in its first year.

Related

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.

Liberty

UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.