Avengers and Spider-man merchandise star in Disney's full year
Monday, 12th November 2012 at 10:42 am
Consumer Products revenues up seven per cent for year to $3.3 billion.
The Walt Disney Company's consumer products division has seen a solid lift in revenues and income during Q4 and the full year - mainly thanks to strong performances for Spider-man, The Avengers and Mickey and Minnie Mouse merchandise.
The arm saw revenues for the year increase seven per cent to $3.3 billion and segment operating income grow 15 per cent to $937 million.
For the fourth quarter ending September 29th 2012, revenues increased eight per cent to $883 million and segment operating income increased 29 per cent to $267 million.
The higher operating income was primarily due to increases in merchandise licensing, which saw strong performances from Spider-man, The Avengers and Minnie and Mickey Mouse.
There was also an increase in Japan as a result of the impact of the earthquake and tsunami which occurred in the second quarter of the prior year.
The increases were partially offset by lower sales of Cars and Toy Story merchandise.
Licensing results for the current year also benefitted from lower revenue share with Studio Entertainment and higher guaranteed shortfall recognition.
In total, the Walt Disney Company reported revenues of $42,278 million for the full year and $10,782 million for Q4.
"Fiscal 2012 was a great year creatively, financially and strategically, resulting in record revenue, net income and earnings per share," said Robert Iger, Disney chairman and CEO. "The addition of Lucasfilm will further fuel Disney's creative engine across our company to create additional value for our shareholders, and we're confident the company is well positioned to continue our strong performance and growth."
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