Disney earns $6.1 billion in last fiscal year, earning report states

By Michelle Dendy, ClickOrlando.com Web Editor, mdendy@clickorlando.com
Amaka Ubaka, Reporter, aubaka@wkmg.com
Published On: Dec 24 2013 03:20:48 PM EST
Updated On: Nov 07 2013 07:18:40 PM EST

Disney released its yearly earning report, showing it had a record-breaking year in profit.

ORLANDO, Fla. -

Disney released its yearly earning report on Thursday, showing it had a record-breaking year in profit.

The company it increased 7 percent to a record 45 billion dollars in the last fiscal year, making $6.1 billion in profit over the last fiscal year,

More than a third of that came from its parks and resorts, including Disney World. Disney's parks business reported a full-year operating income of $2.2 billion, up 17 percent from last year.

Disney is crediting higher attendance at Disney World and the sales of its Vacation Club timeshares.

Disney also highlighted several upcoming projects, including the Star Wars movie. Disney has promised at least three movie movies in the Star Wars franchise and say the next movie will hit theaters Dec. 18, 2015.

While it was a record breaking year, there were some blemishes in the earnings report.

Operating income at Disney's cable networks, including ESPN, decreased $95 million to $1.3 million for the quarter and its movie studio had some film flops, including the Lone Ranger movie.

Watch Local 6 for more on this story.

Comments

The views expressed are not those of clickorlando.com, WKMG or its affiliated companies. This is a community moderated forum (Please note the 'Flag' button). By posting your comments you agree to accept our Terms Of service
blog comments powered by Disqus