Avenged Disney rescued by superheroes

 
8 August 2012

The huge global box-office success of the latest Avengers movie helped entertainment giant Disney make its biggest-ever quarterly profit.

Earnings per share surged 31%, with pre-tax profits hitting $3.03 billion (£1.94 billion) in the three months to June.

Avengers Assemble, with a big-name cast including (pictured) Scarlett Johansson, Jeremy Renner, Chris Evans and Mark Ruffalo, smashed US box-office records on its opening weekend and brought in more than $1.5 billion worldwide.

Disney chairman and chief executive Bob Iger also credited the animated film Brave for what he called a “phenomenal” quarter.

Disney’s theme parks were another good performer, thanks in part to a new resort in Tokyo.

But group revenues were up only 4% at $11.1 billion as the rise of online and digital continues to pose challenges. Home entertainment revenues fell, chiefly because of lower sales of DVDs.

The interactive division also saw turnover tumble 22% to $196 million as consumers switch to cheap or free online and social media games.

Disney’s performance contrasts with the first three months of the year when its movie division posted an operating loss, taking a big hit on the science-fiction box-office flop John Carter.

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Sign up you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy notice .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in