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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
Blackstone acquires live events specialist NEC Group
Private equity giant Blackstone has acquired UK-based live events venue operator National Exhibition Centre Group from LDC, the private equity arm of Lloyds Banking Group.
Norwich Castle Museum obtains HLF £9.2m funding
The historic Keep at Norwich Castle in Norfolk, England is to be restored to resemble its Norman heyday following the injection of £9.2m (US$12m, €10.5m) financing from UK grants body the Heritage Lottery Fund (HLF).
New “Hilltop Gallery” in China’s Yanshan mountains completes construction
Construction has recently completed on the 2,600 sq m Hilltop Gallery – also known as the Phoenix Valley Summit Art Centre – in China's Hebei province.
Stockholm’s Nationalmuseum reopens following refurbishment
Larger exhibition areas across three floors will showcase more than 5,000 artworks including paintings, sculpture, and photography at the reopened Nationalmuseum in Stockholm, Sweden following a revamp.
+ More news   
LATEST JOBS
Public Relations Representative
Legoland
Salary: Competitive rate of pay
Job location: California, USA
Director of Operations
Legoland
Salary: Competitive
Job location: California, USA
Head of RHS Garden Bridgewater
Royal Horticultural Society
Salary: circa £65,000 depending on experience
Job location: Greater Manchester, UK
Global Marketing Executive
Merlin Entertainments Group
Salary: Competitive
Job location: London, UK
Operations Manager
Legoland
Salary: Competitive
Job location: Columbus, OH, USA
Aquarium Commercial Supervisor
Sea Life
Salary: Competitive
Job location: Carlsbad, CA, USA
+ More jobs  
 


ADVERTISE . CONTACT US

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Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2018

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