LA Times: Walt Disney Third Quarter Profits Avenge John Carter Flop

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From the LA Times

By Dawn C. Chmielewski, Los Angeles Times
August 8, 2012
Marvel’s comic book superheroes “The Avengers” proved up to the task of vanquishing not only a malevolent demigod — but also the ghost of “John Carter.”

The blockbuster summer movie, which has garnered nearly $1.5 billion in worldwide box-office receipts so far, helped Walt Disney Co. post a better-than-expected 24% increase in quarterly earnings.

Buoyed by “The Avengers” and improvements at its theme parks and consumer products groups, the Burbank company reported a profit of $1.83 billion, or $1.01 a share, for its fiscal third quarter, which ended June 30, compared with $1.48 billion, or 77 cents a share, a year earlier.

It was the largest quarterly per share earnings in Disney’s nearly 90-year history, Chief Executive Robert A. Iger said.

Revenue for the quarter was $11.1 billion, up 4% from a year earlier.

Disney’s film group, which in the previous quarter lost $84 million because of write-downs associated with the “John Carter” box-office disappointment, saw a dramatic reversal in fortune.

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4 comments

  • The defensiveness of John Carter fans about this movie is ridiculous. John Carter and the Muppets didn’t sell as well on DVD as Tron Legacy and Tangled did. How is that evidence that Disney wants John Carter to fail?

    It’s just a factual statement. Should they lie and make up better sales figures for John Carter.

  • It seems to me that Disney really wanted “John Carter” to fail, and still wants it to fail.

  • “Disney said DVD and Blu-ray sales of “John Carter” and “The Muppets” fell short of last year’s sales of “Tron: Legacy” and “Tangled.”

    Yep. I wondered if someone would pick up on that. Ugh.

  • “Disney said DVD and Blu-ray sales of “John Carter” and “The Muppets” fell short of last year’s sales of “Tron: Legacy” and “Tangled.”

    Ugh. That’s a backstab!

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