Pirate DVD boosts Disney profits
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The successful DVD release of the second Pirates of the Caribbean movie boosts Walt Disney's quarterly profits.
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Walt Disney posted a quarterly profit far ahead of Wall Street targets on strong results at its theme park, media and consumer products groups, sending shares up 5 percent.
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Walt Disney Co.  sees improved margins at its theme parks and better profitability at its film division in fiscal 2007, its chief financial officer said on Tuesday.
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Disney's Pirates hits the screen in a major way.
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"Pirates of the  Caribbean: Dead Man's Chest," the foreign box office champ for  the past eight weekends, has helped Walt Disney Co. pass the $1  billion mark overseas for a 12th consecutive year.
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Blockbuster Inc. on Monday put its weight behind Sony Corp.'s Blu-ray DVD format, as the No. 1 video rental chain said it would boost its inventory of the high-definition discs to 1,700 stores by mid-July.
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(InfoWorld) - In only one week, Apple Computer's iTunes Store generated $1 million in movie sales for Walt Disney, and that's "just the beginning," the head of Disney said Tuesday. By the end of this year, Disney expects to reap $50 million in movie sales through the iTunes Store "at no marketing expense to us at all," said Robert Iger, chief executive officer of Disney, at a conference put on by The Goldman Sacks Group and webcast over the Internet. Disney became the first company to offer movies through the iTunes Store last week, a total of 75 films including new titles such as "Pirates of the Caribbean: The Curse of the Black Pearl," and older classics such as "The Incredibles" and "Cinderella." The initial success of the venture, with over 125,000 Disney titles sold in a week, should help boost confidence in the Internet as a lucrative place for entertainment companies to deliver content to users. It should also help allay fears over movie piracy, an issue the movie and recording industry has fought a tough battle against. "We are very, very bullish on consumption over electronically delivered media and we're taking a very optimistic view of technology as a friend, or a great enabler, and not a great predator," Iger said. Disney plans to expand the number of movies it offers through iTunes and the number of Web-based stores where users can buy its movies. "This is not exclusive to Apple," he said. During the Goldman conference, Iger also praised Apple CEO Steve Jobs and his performance asÂ a Disney board memberÂ for bringing in his ideas on new opportunities for media in the Internet age. "He has become, very quickly, not only a great sounding board but a great advisor, someone I can turn to readily for advice in a lot of these areas," said Iger. Jobs became a major shareholder and board member of Disney after the media and entertainment giant bought computer animation studio Pixar earlier this year. Jobs had been head of Pixar and a major shareholder in the company. An audio webcast of comments by Iger can beÂ accessed here.ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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LOS ANGELES  - Disney wants to breathe some excitement into the TV-DVD business, which after several years of explosive growth is beginning to lose some of its luster.
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Holiday shoppers in North America snapped up nearly 5 million DVD copies of "Pirates of the Caribbean: Dead Man's Chest" in the hit title's first day in release, Walt Disney Co. said on Wednesday.
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Blockbuster Inc.  on Monday put  its weight behind Sony Corp.'s Blu-ray DVD format, as the No. 1  video rental chain said it would boost its inventory of the  high-definition discs to 1,700 stores by mid-July.
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The Walt Disney Co.&#39;s endorsement Wednesday of the Blu-ray technology has increased the possibility that consumers, electronics manufacturers or both will be the real losers of the format war over next-generation video discs.
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DreamWorks Animation SKG Inc.  reported better-than-expected quarterly results on Tuesday as  strong DVD sales for "Over the Hedge," "Madagascar" and "Shrek  2" helped offset losses on the film "Flushed Away."
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HD DVD said Monday that its strategy of price cuts seems to be paying off -- sales have skyrocketed, it claims.
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Walt Disney, the US media and entertainment group, yesterday announced its first dividend increase in six years following sharply improved earnings.
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Walt Disney Co. quarterly profit rose 24 percent on Thursday as stronger cable television results and a tax benefit more than made up for a sharp slowdown at Disney&#39;s movie studio.
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DVD releases of "Cars" and "Pirates of the Caribbean: Dead Man's Chest" and ad revenue from ESPN's Monday Night Football are expected to boost Walt Disney Co's  first-quarter earnings by a double-digit percentage.
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The digital video company produced strong profits in the third quarter.