9 Aug 2012

Disney profits up

5:06 am on 9 August 2012

The Walt Disney Company has reported higher profits, driven by the success of films such as The Avengers.

Net income for the three months to June rose 24% TO $US1.83 billion US from the previous year.

Revenue at its parks and resorts increased 9% to $US3.4 billion while operating income at its film studio increased more than six-fold to $US313 million.

In May, the superhero movie The Avengers smashed the record for the biggest US opening weekend, taking 200 million.

Operating income at Cable Networks increased due to growth at the Disney and ABC Family channels in the United States, offsetting a drop at sports channel ESPN.

The Euro Disney theme park in Paris is also celebrating its 20-year anniversary.