The continued phenomenon of Frozen, as well as other films, has helped Disney raise itself to new financial heights.
The Walt Disney Co. announced a profit of $1.5 billion in the business year’s fourth quarter, according to the Wall Street Journal, which increased from almost $1.4 billion from last year. The price for shares of the company only declined one percent after the stock market closed.
The WSJ said that some of the company’s recent major financial success came from the in-theater and home video sales of their animated film Frozen. The Disney-owned channel ABC is also rated number one in broadcast networks currently.
Another film that had helped Disney financially included Marvel films like Guardians of the Galaxy, according to Variety. In the same business quarter the year before, Disney’s The Lone Ranger was considered a loss financially by the company and disappointed critics and audiences.
Variety also reported that merchandise from Disney’s films like Frozen and Marvel properties also helped the company increase its profits. The company’s video game department Disney Interactive was considered a success after its apps on mobile devices and the second version of the console game Disney Infinity.
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