Strong brands continue to deliver for Disney

Cars and Marvel help bolster consumer products division in Q3.
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The Walt Disney Company has reported another good set of results for the third quarter ending July 2nd 2011.

Overall, the firm reported revenues of $10,675 million for the period (2010: $10,002 million), with segment operating income standing at $2,731 million (2010: $2,537).

Within the consumer products division, revenues for the quarter increased 13 per cent to $685 million, while segment operating income was up 32 per cent to $155 million, driven by an increase in merchandise licensing.

A strong performance from the Cars franchise, plus higher revenue from Marvel properties, were attributed to the increase.

"Our third quarter demonstrates the continued strength of our media networks, including ESPN, parks and resorts and consumer products," said Robert Iger, president and CEO of The Walt Disney Company.

"In these turbulent times, our company and its array of strong brands are well positioned to deliver long-term shareholder value."

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