Just a yr in the past, Disney CEO Bob Iger was within the midst of an ongoing apology tour for the studio after string of tepid field workplace returns. At a convention final November, he acknowledged that issues had a taken a downturn and promised, as he had been doing recurrently, that Disney shall be stressing high quality over amount after The Marvels, the newest Indiana Jones and a handful of different movies upset.
“I’ve been very public about it saying, and I would say right now, my number one priority is to help the studio turn around creatively,” he mentioned.
Now he has one thing to crow about.
The firm’s fiscal fourth quarter that resulted in September was top-of-the-line ever within the studio’s historical past. Pixar’s Inside Out 2 and Marvel’s Deadpool & Wolverine grew to become the highest movies of the yr up to now, setting field workplace information. Disney grew to become the primary studio to cross $4 billion globally in 2024.
In government commentary across the numbers this morning, Iger and CFO Hugh Johnson cited renewed artistic energy, “a result of the extensive work we began two years ago to restore creativity to the center of the company.”
They’ll be taking questions from analysts on an 8:30 am ET name.
“We are encouraged by this momentum in our studio business going into the holiday season,” they mentioned, with upcoming Moana 2 later this month and Mufasa: The Lion King in December. Titles in 2025 embody Captain America: Brave New World, Lilo & Stitch, The Fantastic Four: First Steps, Zootopia 2 and Avatar: Fire and Ash.
“With the combination of our intellectual property, creative talent and an increased number of consumer touchpoints extending the reach of our stories, a successful Disney movie today drives more value than ever before.”
The studio, housed in Content Sales/Licensing — certainly one of three divisions in Disney’s Entertainment Segment with streaming and linear TV — noticed income leap by 39% to just about $2.6 billion final quarter. It swung to a $316 million revenue from a $149 million loss.