Disney Consumer Products sales soar

Sector sees revenues increase by 20 per cent, thanks to Alice in Wonderland and Toy Story.
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The Walt Disney Company has reported its financial results for the second quarter and six months ending April 3rd 2010.

For the three-month period, the firm had net income of $953 million, a 55 per cent rise from $613 million in the prior year. Revenue grew by six per cent to reach $8.6 billion.

The studio division was boosted by the release of Tim Burton's Alice in Wonderland, with operating income for Q2 of $223 million from $13 million a year ago.

Meanwhile, the consumer products arm saw revenues for the quarter rise by 20 per cent to $596 million, with segment operating income up 37 per cent to $133 million.

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