Walt Disney Co. results lifted by 'Star Wars,' 'Frozen'

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Walt Disney Co. on Tuesday, February 4 delivered better-than-expected results in the past quarter, fueled by box office hits from its latest Star Wars and Frozen films and a strong response to its new Disney+ streaming service.

PROFIT BOOSTERS. Disney announces that they earn good profit thanks to the box office sales of 'Stars Wars' and 'Frozen 2.' Photo from YouTube/Disney Walt Animation Studios/LucasfilmWalt Disney Co. on Tuesday, February 4 delivered better-than-expected results in the past quarter, fueled by box office hits from its latestProfits in the 3 months leading up to December 28 dipped 24 percent from a year prior to $2.1 billion, while revenues surged 36 percent to $21 billion.

Iger said on an earnings call that"our hearts go out to all those affected by this devastating" coronavirus outbreak in China, where the entertainment colossus has closed its theme parks in Hong Kong and Shanghai as a health precaution. "The current closure is taking place during the quarter in which we typically see strong attendance and occupancy levels due to the timing of the Chinese New Year holiday," McCarthy said.

 

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