Profits were up across the board in the second quarter, with ESPN, ABC, Disneyland and The Avengers all making money for the conglomerate.


Who is not ready for the film and television industries to get revolutionized anytime soon? Disney, that’s who.

The media conglomerate reported a 24 percent second-quarter profit increase to $1.83 billion Tuesday, driven by strong cable and broadcast ad sales, affiliate fees, licensed Avengers toy purchases and theme park attendance.

Also read: Blame it on Mars – Rich Ross done as Disney studio chief

Revenue for the Burbank, Calif.-based company was up 4 percent to $11.08 billion in the quarter.

Driven by the powerful ESPN cable channel and the ABC broadcast network, Disney’s media networks division saw a 3 percent spike in revenue to $5.08 billion, with operating income increasing 2 percent to $2.12 billion

Revenue from parks and resorts was up 9 percent to $3.44 billion, with a earthquake-induced shutdown of the company’s Tokyo theme park last year making Q2 2012 compare favorably.

Also read: Disney avenges traditional media models

Even with the $1.64 billion theatrical performance of superhero movie The Avengers, revenue was flat in the quarter for Disney’s studio entertainment division. But operating income increased from $264 million to $313 million during the period, with the studio managing production costs on its films better these days.

Operating income in Disney’s consumer products division was also up 35 perent to $209 million.

Losses in the company’s interactive unit, meanwhile, narrowed 51 percent to $42 million, with Q2 comparing favorably with a 2011 quarter that saw Disney buy social game maker Playdom for $743 million.

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