Disney Reports Record Quarterly Profit Thanks to Star Wars

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Disney recently reported its earnings for the first quarter of 2016. It was a new record for The Mouse House, which took in $2.9 billion for its first fiscal quarter. That’s an impressive step up from the $2.2 billion for the prior-year quarter. It shouldn’t come as a surprise that this is largely due to the success of Star Wars: The Force Awakens.

“Driven by the phenomenal success of Star Wars, we delivered the highest quarterly earnings in the history of our Company, marking our 10th consecutive quarter of double-digit EPS growth,” said Robert A. Iger, Chairman and Chief Executive Officer of The Walt Disney Company. “We’re very pleased with our results, which continue to validate our strategic focus and investments in brands and franchises to drive long-term growth across the entire Company.”

With a revenue of $15.24 billion, it’s safe to say that Disney’s $4 billion acquisition of the Star Wars franchise has been paying off big time.

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About Nick Spake

Nick Spake has been working as an entertainment writer for the past ten years, but he's been a lover of film ever since seeing the opening sequence of The Lion King. Movies are more than just escapism to Nick, they're a crucial part of our society that shape who we are. He now serves as the Features Editor at Flickreel and author of its regular column, 'Nick Flicks'.

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