The box office busting performance of The Avengers: Age of Ultron has helped The Walt Disney Company to record Q3 profits this year.
The latest quarterly results marks the 11th consecutive quarter that Disney earnings have come in ahead of forecasts.
2013’s Oscar-winning feature film Frozen continues to generate strong returns, while merchandise associated with the movie and Disney’s upcoming Star Wars: The force Awakens has lifted consumer products profits 27 per cent to $348million.
Disney’s movie studio has seen a 15 per cent increase in operating income on the comparable period last time, hitting $472million. Much of the success in the department has been attributed to The Avengers sequel and Cinderella.
While anticipation is building in the lead up to the release of disney’s first Star Wars movie this December, CEO Bob Iger is keeping any estimates on the franchise’s success close to his chest.
“We’re making no estimates whatsoever in what we think the film will do,” he said. But added that the company owned “the most valuable film franchise that ever existed.
“We fully expect the success for this film to reverberate throughout the company this year and beyond.”