Disney Profit Rises as ‘Frozen’ DVD Tops Home-Video Chart
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“Frozen” continues to sizzle for Walt Disney Co., where quarterly profit rose 27 percent as kids snapped up DVDs and merchandise tied to the animated mega-hit.
Disney, the world’s largest entertainment company, reported second-quarter net income of $1.92 billion, or $1.08 a share, beating the average of analysts’ estimates. Sales grew to $11.6 billion, the company said yesterday in a statement, exceeding projections of $11.2 billion.