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."
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