Will the Star Wars empire crumble under Disney CEO Bob Iger?s charge"
Disney CEO Bob Iger used the success of his $4.24 billion Marvel acquisition to convince the board to pay above market value for Star Wars. Now, the future of the world's most successful merchandising franchise is questionable. What happened"
The post Will the Star Wars empire crumble under Disney CEO Bob Iger’s charge" appeared first on LUXUO.
Disney rarely posts disappointing financial results. Yet on 6 August 2019, the entertainment empire represented by New York Stock Exchange counter code:DIS reported falling fiscal third-quarter 2019 results with adjusted earnings per share (EPS) dropping 28% year over year despite revenue jumping 33%. The legendary domestic park for which the brand had made its name had taken a rare stumble, with operating income declining year over year, finding difficulty recovering expenses associated with Star Wars: Galaxy’s Edge. Though there were other factors at play, most notably high profile acquisitions like Twentieth Century Fox, it must be noted that in 2018, the Star Wars franchise was valued at as estimated at US$65 billion, and is currently the fifth-highest-grossing media franchise of all time. In terms of opportunities for commercial expansion, Star Wars holds the Guinness World Records title for the “Most successful film merchandising franchise”, which for all intents and purposes, the Disney multi-media empire with its powerful Disney Parks, Experiences and Products division (formerly Disney Cons...
The post Will the Star Wars empire crumble under Disney CEO Bob Iger’s charge" appeared first on LUXUO.
Disney rarely posts disappointing financial results. Yet on 6 August 2019, the entertainment empire represented by New York Stock Exchange counter code:DIS reported falling fiscal third-quarter 2019 results with adjusted earnings per share (EPS) dropping 28% year over year despite revenue jumping 33%. The legendary domestic park for which the brand had made its name had taken a rare stumble, with operating income declining year over year, finding difficulty recovering expenses associated with Star Wars: Galaxy’s Edge. Though there were other factors at play, most notably high profile acquisitions like Twentieth Century Fox, it must be noted that in 2018, the Star Wars franchise was valued at as estimated at US$65 billion, and is currently the fifth-highest-grossing media franchise of all time. In terms of opportunities for commercial expansion, Star Wars holds the Guinness World Records title for the “Most successful film merchandising franchise”, which for all intents and purposes, the Disney multi-media empire with its powerful Disney Parks, Experiences and Products division (formerly Disney Cons...
-------------------------------- |
|
The No. 1 Dish in France
01-05-2024 04:38 - (
fashion )
Former Pirate Island Hideaway Turned USD 50 Million Floridian Luxury Resort For Sale
01-05-2024 04:04 - (
luxury )