Quarterly operating profit for Disney’s parks business unit fell 3 per cent compared with a year ago, to $2.2 billion (€2 billion). READ MORE“The lower income consumer is feeling a bit of stress, the higher income consumer is travelling internationally a bit more,” Disney chief executive Bob Iger told investors on a call. Mr Iger praised the progress in the entertainment businesses, which had been suffering from a dearth of box office hits and losses at its streaming services. After a scarcity of breakout hits at the box office in 2022 and 2023 – including by Pixar and Marvel – Mr Iger last year called for a focus on quality over quantity. Marvel’s Deadpool and Wolverine, released on July 26th, has been a breakout hit with nearly $900 million in box office revenues ahead of its third weekend.

Source: The Irish Times August 07, 2024 22:29 UTC