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The Avengers lifts Disney’s Q3 profit

Marvel's The Avengers pumped up Disney's Q2 profit and the blockbuster's box office sales (US$1.5 billion and counting) continue to buoy the company's 2012 third quarter earnings, which rose 24% to US$1.8 billion.
August 8, 2012

Marvel’s The Avengers pumped up Disney’s Q2 profit and the blockbuster’s box office sales (US$1.5 billion and counting) continue to buoy the company’s 2012 third quarter earnings, which rose 24% to US$1.8 billion.

In addition, growth from its theme parks, resorts and cruise ships, as well as domestic Disney Channels, ABC Family, and a US$342 million box office haul from Pixar’s Brave also helped drive profits up.

On the consumer products front, revenue increased 8% to US$742 million driven by a lower revenue share with the film studio and improved sales in Japan, while Disney interactive revenue fell 22% to US$196 million after an increase of 13% in Q2.

After John Carter drove studio entertainment revenues down last quarter, Disney’s 2012 Q3 studio entertainment revenue came in flat at US$1.6 billion, and its operating income increased mightily to US$313 million from US$49 million a year ago.

Things are looking up for the House of Mouse as CEO Robert Iger disclosed to analysts today that Marvel has secured a deal with The Avengers director/writer Joss Whedon to write and direct a sequel to the hit film.

About The Author
Jeremy is the Features Editor of Kidscreen specializing in the content production, broadcasting and distribution aspects of the global children's entertainment industry. Contact Jeremy at jdickson@brunico.com.

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