Disney report impressive profits on impressive performance of Pirates of the Caribbean movie

Disney report impressive profits on impressive performance of Pirates of the Caribbean movie

Entertainment industry giant Disney has reported improvements in their fourth-quarter profit as they gained from impressive performance of their recent released movies like Pirates of the Caribbean and Cars.

The company’s net income doubled to $782 million from $379 million in the same period last year. Sales were up at $8.78 billion showing an improvement of around 14%.

The film division of the company on its own posted profit of $214 million. One of the major reasons behind this was massive success of their movie Pirates of the Caribbean: Dead Man’s Chest which earned them more than USD 1 billion worldwide. The returns made it the third biggest movie ever after Titanic and Lord of the Rings: The Return of the King.

Cars was another movie which shone for the movie division of Disney. Disney acquired Pixar who made this animated movie.