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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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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
US National Museum of Natural History’s Fossil Hall set for reopening
Kirk Johnson, museum director of the Smithsonian National Museum of Natural History in Washington DC, has announced its David H. Koch Hall of Fossils will reopen on 8 June 2019.
Kengo Kuma’s V&A Dundee: Drone footage shows finished building ahead of opening
The Kengo Kuma-designed V&A Museum of Design Dundee, Scotland’s first dedicated design museum, is set to open its doors in less than a month.
Cooper Robertson appoint new director of architecture
American architectural practice Cooper Robertson have made a swathe of in-house promotions, including the appointment of a new director of architecture.
Royal Society launches Places of Science small museums fund
The Royal Society has announced “Places of Science”, a new funding scheme for small museums in Britain.
+ More news   
LATEST JOBS
iFly Indoor Skydiving Instructor
The Bear Grylls Adventure
Salary: Competitive
Job location: Marston Green, Birmingham, UK
Head of PR
Thorpe Park Resort
Salary: Competitive
Job location: Chertsey, UK
VIP Sales and Operations Manager
Chessington World of Adventures
Salary: £25,000 plus additional sales
Job location: Chessington, UK
Conference and Events Coordinator
Chessington World of Adventures
Salary: Competitive
Job location: Chessington, UK
Senior Marketing Manager
The Dungeons
Salary: Competitive
Job location: London, UK
Senior Animal Keeper
Wild Life
Salary: Competitive
Job location: Whitsundays QLD, Australia
+ 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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