Disney reports difficult Q2

Profits drop 46 per cent, but consumer products up nine per cent thanks to US retail acquisition.
Author:
Publish date:
Social count:
0
5_Pocoyo.jpg

The Walt Disney Company has reported its results for its second fiscal quarter and six months ending March 28th 2009 - showing that even one of the biggest entertainment companies in the world isn't immune to the changing economic climate.

Profits for the group as a whole dropped 46 per cent in the period. The firm reported net income of $613 million for the three months to March 28th, down from $1.1 billion the previous year. Revenue also dropped to $8 billion.

However, consumer products actually saw a lift of nine per cent, to revenue of $496 million. This increase was due to the acquisition of Disney Stores North America in the third quarter of fiscal 2008, partially offset by a decrease in earned royalty revenue at merchandise licensing.

To read the full story on our sister site, Licensing.biz, click here.

Related

5_Pocoyo.jpg

Disney up in Q2

Disney?s second quarter results show an increase in both profit and turnover. Disney said net income was $1.13 billion, or 58 c

Featured Jobs

Gameplan Job Logo 620 x 349

Sales Director UK

Our client is a well established privately owned UK toy manufacturer which has won numerous awards for outstandingly innovative toys, gifts and gadgets. A correspondingly outstanding and talented UK Sales Director is to be recruited who has the potential, the will, the drive and the ambition to advance to a higher position within a few years.

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.

Melissa and Doug Job Logo 620 x 349

Operations Planner

Imagine working for a company with a mission you can truly believe in, a playful and energetic culture, a talented team and a bright future! Melissa & Doug, the toy company committed to nurturing childhood wonder, is looking for an Operations Planner to coordinate the demand planning and supply between European markets and the US.

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.