Disney Reports 24 Percent Profit Increase
Due to the amazing success of Marvel’s The Avengers as well as the recent addition of Cars Land to Disney’s California Adventure, The Walt Disney Co. have seen a 24% increase in quarterly profit – well ahead of company expectations.
Despite the crumbling economy, Disney continues to stay on top. Attendance at both Walt Disney World and Disney’s California Adventure were strong during the quarter, while Tokyo Disneyland has seen an increase in attendance as well now that they have recovered from last year’s earthquake. Additionally, The Avengers raked in $1.5 billion at the box office, making the film a smash hit for Disney and Marvel.
Disney CEO Bob Iger said in a statement that the profit increase was “phenomenal…[the totals are] the largest quarterly earnings in the history of our company.”