Monday, February 12, 2007
Disney Profits Double on Strong DVD Sales of ‘Cars’ and ‘Pirates’
This article is about how Disney's sales have gone up in the past 6 months because of the new movie "Cars" and "Pirates of the Caribbean". They doubled on asset sales and income from the last two years. Net income rose to $1.7 billion or 79 cents a share. They also releases its earnings report after the market's close. Its shares gained 70 cents in after hours trading. Mr. Igar who took over as chief executive in October of 2005 is investing in theme parks and video game development. This will substation profit growth after net income surged 33 percent. Disney also built a website for kids to go on and look. It promotes and advertises for Disney and makes them want to go back for more. I believe that whatever Disney does they are doing a great job because there are still a ton of people who have learned to love it with them everyday. I also think that no matter which course or route Disney takes there will still be a ton of people buying their movies more and more everyday. The use strategy very well by advertising different places such as TV, computer, radio. These are all the closet thing other than the movie. Disney in my opinion will never die and there will always be plenty of people to go and come to make sure it is up and running. My only complaint is having more access for people who have disabilities.