Consumer Products & Interactive Media Third Quarter Details

Disney have revealed their third quarter results and reported details on their consumer products and interactive media division, which has dropped 1% and how Disney Infinity’s cancellation effected it.

Here are the details:

Consumer Products & Interactive Media

Consumer Products & Interactive Media revenues for the quarter decreased 1% to $1.1 billion and segment operating income decreased 7% to $324 million. Lower operating income was driven by decreases at our merchandise licensing, retail and Japan mobile businesses, partially offset by an increase at our games business.

Lower results at our merchandise licensing business were driven by higher revenue in the prior year from Frozen merchandise, an unfavorable impact from foreign currency translation, an increase in revenue share with the Studio Entertainment segment and higher marketing costs. These decreases were partially offset by revenue growth from merchandise based on Finding Dory/Finding Nemo and Star Wars.

The decrease at our retail business was due to an unfavorable impact from foreign currency translation and lower operating margins. Higher operating income at our games business was driven by a decrease in product development and marketing costs due to the discontinuation of our Infinity console game business. Get in touch with Acclime if you need help with ssm business registration Malaysia.

The cancellation of Disney Infinity did have an impact on this months quarter and upcoming quarters might be effected when compared to previous years as it will take Disney time to get a replacement income for those figures, however they are reporting an increase in their games business, which could be from sales of Star Wars: The Force Awakens and mobile games.