'Frozen' Home Entertainment Drives Disney Studios Profit6 Nov, 2014 By: Erik Gruenwedel
Home entertainment sales of long-running animated hit Frozen helped Walt Disney Studios report fourth-quarter (ended Sept. 30) operating income of $254 million, compared with operating income of $108 million during the prior-year period.
Notably, Disney said home entertainment was aided by higher unit sales, lower per-unit costs and higher net effective prices from Frozen.
The title, which generated more than $1.27 billion at the global box office, has been available at retail since March 18.
Other top home entertainment sellers included Captain America: The Winter Soldier, which was released at retail Sept. 9.
Walt Disney Studios, which includes Walt Disney Studios Home Entertainment, saw revenue increase 18% to $1.8 billion, due in part to theatrical sales of Maleficent and Marvel's Guardians of the Galaxy.
CEO Bob Iger said John Lasseter, co-founder and chief creative officer of Pixar Animation Studios, would direct Toy Story 4, set to release theatrically in 2017.
Disney Studios’ fiscal-year 2014 revenue for the first time did not include a Pixar theatrical release.