USA: The Walt Disney Company: Successful Start to Fiscal Year 2016
Disneyland Resort Anaheim
As The Walt Disney Company recently announced, the US media and entertainment company could generate revenues of 15.2 billion US dollars (13.5 billion euros) and quarterly earnings of 2.9 billion US dollars (2.6 billion euros) during the first quarter of its fiscal year 2016, which ended on January 2. This means not only an increase in quarterly earnings of 32 percent compared to the previous-year period, but also the highest quarterly earnings in the company's history. Disney's Chairman and CEO Robert A. Iger states that the positive result is primarily based on the global success of “Star Wars: The Force Awakens”. Thanks to the movie, the quarterly operating income at the business segments “Studio Entertainment” and “Consumer Products & Interactive Media” grew at 86 respectively 23 percent.
Furthermore, The Walt Disney Company achieved pleasing results in the “Parks & Resorts” segment due to a strong domestic performance. In total, the company generated revenues of 4.3 billion US dollars (3.8 billion euros) and an operating income of 981 million US dollars (871 million euros), which means an increase of 22 percent compared to the previous-year period, in this segment.
Our next EAP magazine issue (2/2016) will feature a comprehensive park report presenting how European amusement and theme park operators evaluated the 2015 season and to which novelties visitors can look forward this year. (eap)
