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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
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The state parties of Mexico and Central America have adopted a five-year action plan for World Heritage, following a regional gathering of the World Heritage Committee.
IAAPA chair Andreas Andersen looks to the future as association breaks ground on new Orlando headquarters
IAAPA chair Andreas Andersen has expressed his hope that the organisation's new international headquarters in Orlando will act as its home for at least the next 100 years, following the project's groundbreaking last week.
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Forget the London Eye, Newcastle’s ‘Whey Aye’ is set to outdo its southern sibling by becoming Europe’s tallest observation wheel.
Moriyuki Ochiai seeks to surprise and delight with 'Constellation of Stargazing Tea Rooms'
Japanese studio Moriyuki Ochiai Architects have designed a cluster of vibrant, polygonal tea houses that double as a new “sanctuary for stargazing” for budding astronomers.
+ More news   
LATEST JOBS
Visitor Experience Manager
Tate
Salary: £27,769 per annum (inclusive of a £2,500 per annum MRA)
Job location:
Event Sales Manager
Madame Tussauds
Salary: Competitive
Job location: Hollywood, Los Angeles, CA, USA
Project Manager
Merlin Entertainments Group
Salary: Competitive
Job location: Lake Wales, FL, USA
Operations Manager
Legoland Discovery Centre
Salary: Competitive
Job location: Columbus, OH, USA
Aquarist
Sea Life
Salary: Competitive
Job location: Dallas, TX, USA
SEA LIFE Grounds Team Lead
Sea Life
Salary: Competitive
Job location: 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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