Disney’s first quarter helped by ‘Frozen,’ ‘Infinity’

Published: February 6, 2014
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The Walt Disney Co. on Wednesday reported earnings and revenue for the holiday quarter that beat Wall Street’s expectations, helped by the hit movie “Frozen” and sales of its “Disney Infinity” game.

Results for “Frozen,” surpassing $870 million in ticket sales worldwide since November, pushed it past “The Lion King” as Disney’s most successful animated film to date, CEO Bob Iger said. It also justified Disney’s $7.4 billion purchase of Pixar in 2006, which was meant in part to rejuvenate animation at Disney under new leadership, Iger said. “Frozen” not only has the potential to become a franchise but it will also be made into a Broadway show, he said.

Associated Press



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