Walt Disney Co. gains from improved sales of DVDs

Walt Disney Co. gains from improved sales of DVDs

Walt Disney Co. has come out with their revenue report and the company seems to have gained a lot from improved sales of DVDs of movies including “Pirates of the Caribbean: Dead Man’s Chest,” “Cars”.

Disney also gained from the sale of a stake in E! Entertainment Television.

The company also impressively posted increased earnings at its media networks.

Disney reported that its net income rose to $1.7 billion, or 79 cents per share, from $734 million, or 37 cents per share in last year’s first quarter.

The revenues were up 10 percent to $9.7 billion. They easily managed to beat the market expectations on both these figures.

David Miller, an analyst at Sanders Morris Harris spoke about Disney’s performance in the quarter: “Great, great numbers all the way around. Very strong especially at the studio, although it will be interesting to see if the market gives them credit.”