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When you wish upon a Star Wars - Which films have Disney's profits rising?

Mickey and Co. have seen their overall revenue rise by 5 percent in 12 months, amounting to over ...
Newstalk
Newstalk

09.31 7 Nov 2014


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When you wish upon a Star Wars...

When you wish upon a Star Wars - Which films have Disney's profits rising?

Newstalk
Newstalk

09.31 7 Nov 2014


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Mickey and Co. have seen their overall revenue rise by 5 percent in 12 months, amounting to over €10 billion. This growth is being driven by a particularly strong performance from the film studio - its revenues increased by 18 percent.

The company singled out Frozen and Guardians of the Galaxy as two particularly strong performers. 

The entertainment giant also announced that there will be a fourth Toy Story film in 2017, and confirmed that their first Star Wars offering is titled Star Wars: The Force Awakens. That film is slated for a December 2015 release.

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Disney's interests go far beyond the silver screen and not all areas are looking as healthy as the film division. Speculation continues to grow over the future TV landscape as Netflix, YouTube, and other video streaming services grow in popularity. 

CEO Robert Iger says that Disney will not follow HBO's lead and launch its own streaming platform. The company's TV interests include ESPN, ABC and the Disney Channel. Disney say that rolling out an aggressive streaming strategy would be premature, it is keeping faith in the cable TV market, for now at least.

Mr Iger stressed that Disney is well placed to deal with changes in viewing habits and that brands like Star Wars, ESPN and Marvel will help to keep the company growing.


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