Pirates Lift Disney's Profit 39% in Fiscal Q3

11 August 2006

BURBANK, CALIFORNIA: In its fiscal third quarter ended July 1, the Walt Disney Company reported net income of $1.13 billion (€876.8m; £592.0m) compared with $811m a year earlier. Revenue climbed 12% to $8.62 billion.

The result owes much to a resurgence at its movie studio, a trend likely to continue in months to come as Disney reaps the benefits of a cost-cutting drive at the studio and its gargantuan hit, Pirates of the Caribbean: Dead Man's Chest.

Disney ceo Robert Iger hailed 'Pirates' as perhaps the Mouse House's "biggest cross-platform franchise ever."