A TALE OF TWO MOVIE COMPANIES: DISNEY UP, CINEPLEX DOWN

Aug 06, 2014

By Scott Walker

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The Walt Disney Company is frozen; and loving it!

frozenThe company has reported a record third-quarter profit thanks in a large part to the hit animated movie, Frozen. The movie has grossed more than a billion dollars worldwide.

Disney’s earnings were up by 22 per cent to $2.25-billion, beating analysts’ expectations.

 

But there hasn’t been much to equal Frozen in the first part of this year. Cineplex says its second-quarter net income dropped nearly 19 per cent to $23.2 million, from $28.5 million a year earlier. The reason: a weak slate of early summer movie titles that hurt ticket sales.

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