Andrew
05-09-2007, 11:38 AM
Disney: iTunes movie sales prove potency of format, pricing (http://arstechnica.com/news.ars/post/20070509-disney-itunes-movie-sales-prove-potency-of-format-pricing.html) -- Ars Technica, 2007-05-09
Disney's quarterly earnings announcement and subsequent analyst call paint a picture of a company that's on top of its game when it comes to taking advantage of both the Internet and digital media. First, the numbers: Disney earned $931 million during the first quarter of 2007 (the second quarter of its fiscal year) on revenues of $8.07 billion. Profits were up from $733 million during the first quarter of 2006 even though revenues rose only $40 million dollars in the same period. Disney said that the figures reflected "strong operating results across all segments."
One of those segments is digital video sales. Disney was famously on board when the iTunes Store added movies for the first time. Since that time, it has kept Apple supplied with a steady stream of content in the form of movies and TV shows while most of the other studios have sat on the sidelines.
Disney's quarterly earnings announcement and subsequent analyst call paint a picture of a company that's on top of its game when it comes to taking advantage of both the Internet and digital media. First, the numbers: Disney earned $931 million during the first quarter of 2007 (the second quarter of its fiscal year) on revenues of $8.07 billion. Profits were up from $733 million during the first quarter of 2006 even though revenues rose only $40 million dollars in the same period. Disney said that the figures reflected "strong operating results across all segments."
One of those segments is digital video sales. Disney was famously on board when the iTunes Store added movies for the first time. Since that time, it has kept Apple supplied with a steady stream of content in the form of movies and TV shows while most of the other studios have sat on the sidelines.