Lisa's Feed
Aug 6, 2014

Analysis – Disney toy division’s focus on franchises makes it a star

By Lisa Richwine and Ronald Grover

(Reuters) – Shoppers entering a Walt Disney Co (DIS.N: Quote, Profile, Research) retail store these days can see company CEO Bob Iger’s franchise strategy on display: walls packed with products linked to the company’s famous characters, ranging from Mickey and Minnie to “Guardians of the Galaxy,” Iron Man and Doc McStuffins.

Ten years after being sold off and six years after Disney bought them back, Disney’s 336 retail stores have helped make its consumer products division among the fastest-growing of the media company’s five segments. In the quarter that ended in June, the unit earned $273 million (162.1911 British pound), a 25 percent increase from a year ago. It was the unit’s fourth consecutive quarter of double-digit earnings growth, Iger said when the company announced its results on Tuesday.

Aug 5, 2014

Disney profit jumps thanks to movies, parks, products

By Lisa Richwine

(Reuters) – Media company Walt Disney Co’s quarterly profit blew past Wall Street expectations, with a muscular performance from its “Captain America” movie, higher attendance at U.S. theme parks and brisk sales of merchandise tied to mega-hit “Frozen.”

Net income rose to $2.2 billion in the quarter ended on June 28, up 22 percent from the year-ago period, the company said on Tuesday. Diluted earnings per share reached a record $1.28, beating analysts’ average forecast of $1.17 in a Thomson Reuters I/B/E/S survey.

Aug 5, 2014

Disney profit gets boost from movies, parks, products

By Lisa Richwine

(Reuters) – Media company Walt Disney Co’s quarterly profit beat Wall Street expectations, helped by strong results from its movie studio, theme parks and consumer products division.

Net income rose to $2.2 billion in the third quarter ended on June 28, up 22 percent from the year-ago period, the company said on Tuesday. Diluted earnings per share reached $1.28, beating analysts’ average forecast of $1.17 in a Thomson Reuters I/B/E/S survey.

Jul 20, 2014

‘Apes’ rules North American box office for second straight weekend

LOS ANGELES/NEW YORK (Reuters) – Sci-fi sequel “Dawn of the Planet of the Apes” beat a new horror flick, an animated family film and an adult comedy to keep its grip on the U.S. and Canadian box office title for a second straight weekend.

“Apes” collected $36 million in domestic ticket sales from Friday through Sunday, according to estimates from Rentrak, only the second summer film to top the box office for two consecutive weekends. Low-budget horror film “The Purge: Anarchy” finished in second place with $28.4 million.

Jul 17, 2014

Microsoft ends flirtation with Hollywood and original shows – source

LOS ANGELES, July 17 (Reuters) – Microsoft Corp
intends to wind down Xbox Entertainment Studios, a source
familiar with its plans said, becoming the first major tech
company to give up on making original shows in a battle for the
living room couch.

The production outfit’s impending closure is part of a
sweeping restructuring announced by the software giant on
Thursday, which includes the largest single round of layoffs in
the company’s near-four-decade history.

Jun 13, 2014

Disney sees Infinity game’s retail sales hitting $1 billion

LOS ANGELES (Reuters) – Walt Disney Co expects global retail sales from its 10-month-old Infinity video game to reach $1 billion even as rivals also combine physical toys with video games, Jimmy Pitaro, president of the company’s interactive unit, said in an interview.

Disney launched Infinity in August to help turn around its interactive gaming unit, which lost $1.4 billion from fiscal year 2008 to 2013. In an overhaul in March, the division laid off about one-quarter of the workforce, cut the number of games it develops and focused its advertising more on the fast-changing mobile market.

Jun 12, 2014

Disney sees Infinity video game hitting $1 billion in revenue

LOS ANGELES (Reuters) – Walt Disney Co expects revenue from its 10-month-old Infinity video game to reach $1 billion even as rivals also combine physical toys with video games, Jimmy Pitaro, president of the company’s interactive unit, said in an interview.

Disney launched Infinity in August to help turn around its interactive gaming unit, which lost $1.4 billion from fiscal year 2008 to 2013. In an overhaul in March, the division laid off about one-quarter of the workforce, cut the number of games it develops and focused its advertising more on the fast-changing mobile market.

Jun 10, 2014

Netflix to stop messages blaming Verizon for slow streaming

LOS ANGELES/NEW YORK, June 9 (Reuters) – Netflix Inc
said on Monday it will stop sending messages that blame
Verizon Inc’s broadband service for slow delivery of its
TV shows and movies, a move that may defuse tension between the
two over Internet congestion.

The messages, which appeared on screen when a video was
buffering, were a “small scale test” that will end on June 16,
Netflix spokesman Joris Evers said in a post on the company’s
blog. But he left open the option that the alerts could resume.
“We will evaluate rolling it out more broadly,” he said.

Jun 8, 2014

Teen tearjerker ‘Fault in Our Stars’ trounces Tom Cruise flick

LOS ANGELES/NEW YORK (Reuters) – “The Fault in Our Stars,” a heart-wrenching love story about teens who meet in a cancer support group, won over moviegoers with a stellar $48.2 million at U.S. and Canadian theaters over the weekend, handily beating the new Tom Cruise sci-fi action film, “Edge of Tomorrow.”

“Edge of Tomorrow,” which cost about $175 million, had to settle for third place with $29.1 million from Friday through Sunday, according to estimates from tracking firm Rentrak.

Jun 5, 2014

Verizon demands Netflix stop messages on slow streaming

LOS ANGELES/NEW YORK, June 5 (Reuters) – Verizon
Communications Inc on Thursday demanded that Netflix Inc
immediately stop displaying messages to customers that
place blame on Verizon’s broadband service for slow delivery of
Netflix TV shows and movies.

In a cease-and-desist letter sent to Netflix, Verizon also
asked the video streaming service to provide information
including a list of customers on the Verizon network to whom
Netflix delivered the notices, or face legal action.