Walt Disney Profit rose by 40 percent

Walt Disney Profit rose by 40 percent

Profit Walt Disney Company in the second quarter of 2010 grew by 40 percent over the same period last year, reports BBC News.
As of July 3 the company's net profit reached 1.3 billion dollars. Last year the figure was 954 million dollars. On profit growth has affected box office success of recent films the company. In particular, released in theaters in mid-June, cartoon "Toy Story 3" at the beginning of August has collected in hire 895 million dollars (with a budget of 200 million). Charges "Alice in Wonderland" Tim Burton's exceeded one billion dollars.

At the end of July 2010 guide Walt Disney announced the change in business strategy. Ribbons with a budget exceeding $ 100 million, will now be removed only if they would be good prospects for television, the DVD-market and other related markets. The company also sold the studio Miramax for 660 million dollars and, according to Robert Higuera, head of Walt Disney, plans to "focus on the brands Disney, Pixar, and Marvel".