Disney announces record revenue
USINFO | 2013-11-12 12:58

News from the Walt Disney Company on November 7 was better than expected by industry analysts.

Officials at Disney announced the company saw higher fourth quarter and 2013 earnings than 2012. Officials said revenue in 2013 increased 7 percent to a record $45 billion, and fourth-quarter revenue was $11.5 billion, which is up nearly 6 percent from 2012.

Disney said the boost was attributed to summer theme park attendance and per-guest spending increases.

After record spring attendance at Disney's Orlando theme parks, the Disney Parks and Resorts Unit showed another strong quarter, which was up 15 percent for the quarter and 17 percent for the year. The latest Disney animated movie, "Monsters University," was also credited with helping to boost numbers.

Disney also announced Thursday the newest installment of the "Star Wars" franchise will open in theaters on December 18, 2015.
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