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Disney Says Star Wars, Frozen Led To Q2 Licensing Decline image

Disney Says Star Wars, Frozen Led To Q2 Licensing Decline

Lower sales of Star Wars- and Frozen-licensed goods, along with the impact of foreign currency translation helped drive an 11% revenue decline to $1.1 Billion for Disney Consumer Products & Interactive Media in the 2nd quarter ended May 9. During the period, Disney Stores also showed a decline in comparable store sales – mostly due to the Star Wars and Frozen drop-offs, Disney said – partially offset by sales of Moana merchandise. Operating income for the segment rose 3% to $367 million, driven by the effects of the company having shut down its Infinity console game business in the year-earlier quarter. Overall, Disney’s Q2 net income increased 11% to $2.3 billion as revenue jumped 3% to $13.3 billion.

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