10% off your order!
Enter the promo code below at checkout.
" 10OFF "
: Information on any ongoing share repurchase programs was also provided, highlighting Disney's efforts to manage its capital structure efficiently.
: Disney's Studio Entertainment segment reported a strong performance, thanks to the success of films such as "The Avengers" and "John Carter."
The primary catalyst? Marvel’s The Avengers , which had been released globally just four days prior to the earnings call (on May 4, 2012). At the time of the report, the film had already shattered opening weekend records, grossing over $640 million worldwide in less than a week. may 8, 2012 the walt disney company investor relations news
: A notable increase in operating income was seen in Disney's Parks and Resorts segment. This was driven by higher attendance and guest spending at both domestic and international parks.
Cable networks alone saw a 12% revenue jump, benefiting from higher affiliate fees and robust advertising sales. : Information on any ongoing share repurchase programs
: The Walt Disney Company reported its financial results for the second quarter of fiscal 2012, ended March 31, 2012. The company announced earnings that reflected a strong performance across its various business segments.
For Disney investors, this was a clear signal of the company’s aggressive strategy to acquire premium, sustainable intellectual property (IP). The press release highlighted that the acquisition would allow Disney to leverage the limitless potential of the Star Wars franchise across its vast portfolio of entertainment offerings. At the time of the report, the film
The quarterly results highlighted how Disney's multi-platform strategy allowed it to absorb losses in one division through strength in others.
In a conference call led by then-Chairman and CEO Robert A. Iger, Disney reported a 6% increase in net income, driven overwhelmingly by the historic performance of Marvel’s The Avengers and sustained growth from its cable networks, particularly ESPN.
: The company reported net income that was up compared to the second quarter of fiscal 2011. This increase was a result of operational growth and effective cost management.