Disney profits soar at parks, earnings report shows

Published On: May 06 2014 06:09:52 PM EDT   Updated On: May 06 2014 06:43:08 PM EDT


Disney is celebrating a record start to the year, according to the latest earnings report released on Tuesday.

Disney said profits at the parks soared 19 percent, or $457 million over the last three months.

The company is crediting the jump to a rise in attendance at Disneyland in California and more spending at Walt Disney World due to price hikes.

As a whole, Disney made nearly $3.5 million in profit, up 34 percent. Part of the increase is attributed to the movie "Frozen."

More people also booked rooms at its hotel nationwide, the report stated.

The profits overall would have been higher if it not for the high costs of the new MyMagic+ and Fastpass systems, aimed at letting Disney guests better customize their visits.

Watch Local 6 for more on this story.


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