Frozen continues to deliver as Disney sees 7% growth in fiscal 2015 - Licensing.biz

Frozen continues to deliver as Disney sees 7% growth in fiscal 2015

The studio has attributed the continual success of 2013 hit animated feature, Frozen as a key driver for the year’s growth in the fourth quarter that itself has grown nine percent year-to-date to $13.5bn.
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The Walt Disney Company has seen its full year revenue grow seven per cent on last year’s results, totaling $52.5 billion for 2015.

The studio has attributed the continual success of 2013 hit animated feature, Frozen as a key driver for the year’s growth in the fourth quarter that itself has grown nine percent year-to-date to $13.5bn.

Net income for the quarter came in at $1.6bn, while Disney saw full-year net income jump 12 per cent to $8.4bn.

Elsewhere, the firm’s 2015 consumer products revenue surged 13 per cent to $4.5bn compared to 2014, with thanks being attributed to the ever-popular line of goods from Frozen.

Disney also said that its fourth quarter 2015 consumer products revenue increased 11 per cent to $1.2bn, with thanks to the Oscar-winning animated film released a full two years ago.

“We had a strong quarter, with adjusted earnings per share up 35 per cent, completing our firth consecutive year of record performance,” said Bob Iger, Walt Disney chairman and CEO.

“In fiscal 2015 we delivered the highest revenue, net income and adjusted EPS in the company’s history, reflecting the power of our great brands and franchises, the quality of our creative content, and our relentless innovation to maximise value from emerging technologies.”

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