Following recent announcements of better-than-expected quarterly financial results by News Corp. and Time Warner, Disney has now done the same. Its income in the fiscal first quarter ending 2 January was $844m, $1m less than a year ago, with revenue rising 1% to $9.74bn.
According to The Hollywood Reporter, the good results are mostly due to Disney’s television unit, although cutting costs at the Disney film studio was a significant factor, as was a vibrant home entertainment market.
Disney TV programmes which contributed to the good quarterly financial results were Criminal Minds, The Middle, Modern Family and Cougar Town.
