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Iger credits Disney IPs as popular brands drive profits in Q1 earnings
POSTED 09 Feb 2018 . BY Tom Anstey
Disney chair and CEO Bob Iger has credited the operator’s significant investments in acquired IPs as the reason for impressive results in its first quarter.

The company’s parks division recorded revenues of US$5.2bn (€4.2bn, £3.7bn) and profits of US$1.35bn (€1.1bn, £964m) – increases of 13 per cent and 21 per cent respectively – driven by popular new attractions such as Pandora: The World of Avatar in Orlando’s Animal Kingdom, and the Guardians of the Galaxy ride at Disneyland California.

“Our parks continue to successfully leverage our incredible collection of IP to create and deliver an exceptional entertainment experience for millions of guests, as evidenced by their performance in Q1,” said Iger speaking during an earnings call.

“This success deepens our confidence in the significant investments we're making to grow the business around the world.”

Iger continued by showing that the company is not resting on its laurels, with further IP-led investments including three new cruise ships to expand the Disney fleet, Toy Story Lands in Shanghai and Orlando, Star Wars: Galaxy's Edge in Disneyland and Disney World, and the promise of further IP additions to Disneyland Paris.

“The investments we've made, in IP in addition to the numerous investments we've made across the world in our Parks and Resorts businesses, have driven dramatic growth over the last decade, and we're confident this trend will continue well into the future,” said Iger.
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Jobs . News . Products . Magazine
NEWS
Iger credits Disney IPs as popular brands drive profits in Q1 earnings
POSTED 09 Feb 2018 . BY Tom Anstey
Disney chair and CEO Bob Iger has credited the operator’s significant investments in acquired IPs as the reason for impressive results in its first quarter.

The company’s parks division recorded revenues of US$5.2bn (€4.2bn, £3.7bn) and profits of US$1.35bn (€1.1bn, £964m) – increases of 13 per cent and 21 per cent respectively – driven by popular new attractions such as Pandora: The World of Avatar in Orlando’s Animal Kingdom, and the Guardians of the Galaxy ride at Disneyland California.

“Our parks continue to successfully leverage our incredible collection of IP to create and deliver an exceptional entertainment experience for millions of guests, as evidenced by their performance in Q1,” said Iger speaking during an earnings call.

“This success deepens our confidence in the significant investments we're making to grow the business around the world.”

Iger continued by showing that the company is not resting on its laurels, with further IP-led investments including three new cruise ships to expand the Disney fleet, Toy Story Lands in Shanghai and Orlando, Star Wars: Galaxy's Edge in Disneyland and Disney World, and the promise of further IP additions to Disneyland Paris.

“The investments we've made, in IP in addition to the numerous investments we've made across the world in our Parks and Resorts businesses, have driven dramatic growth over the last decade, and we're confident this trend will continue well into the future,” said Iger.
MORE NEWS
Spirou theme park opens in southern France
A new theme park based on the adventures of Belgian comic strip character Spirou has opened its doors in Monteux, southern France.
Kvorning masterminds Neolithic rock art exhibition in Norway
Copenhagen-based design studio Kvorning Design and Communication have created a new installation for Norway's Alta Museum, with the permanent exhibition examining a collection of rock art dating back to the Neolithic era.
Village Roadshow brings Australia's first Topgolf attraction to Gold Coast
Australia’s largest theme park operator Village Roadshow has launched a new venture, expanding its attractions presence on the Gold Coast even further with the first Topgolf attraction to open outside of the US or Britain.
EU recognises European Year of Cultural Heritage by offering 15,000 rail passes to young people
Interrail – the service which allows unlimited rail travel across Europe – has teamed with the European Union (EU) to offer 15,000 young people aged 18 a free pass to experience the continent's diversity.
+ More news   
LATEST JOBS
Theming Production Manager
Merlin Entertainments Group
Salary: Competitive
Job location: Staffordshire, UK
Operations Compliance Manager
Chessington World of Adventures
Salary: £26,500 - £29,700
Job location: Chessington, UK
Fastrack and VIP Team Leader
Thorpe Park Resort
Salary: Competitive
Job location: Chertsey, UK
Customer Service Centre/Guest Support Duty Manager
Merlin Entertainments Group
Salary: Competitive
Job location: Chessington, UK
Operations Manager (Hospitality)
The Eye Brand
Salary: Competitive
Job location: London, UK
Marketing Manager
Merlin Entertainments Group
Salary: Competitive
Job location: San Francisco, California, USA
+ More jobs  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2018

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