Disney thrives with blockbuster hits

Disney’s earnings skyrocketed with the success of films like ‘Inside Out 2’ and ‘Deadpool & Wolverine’, contributing to a revenue increase for the media giant. According to Bloomberg News, the 2023/24 annual financial report, presented on Thursday, showed a total revenue of 22.57 billion dollars, a 6.3 percent increase from the previous year. The operating profit was 3.66 billion dollars. Disney’s CFO, Hugh Johnston, highlighted the success of consecutive billion-dollar films and expressed excitement for upcoming releases such as ‘Moana 2’ and ‘Mufasa: The Lion King’. Following the financial report, investors reacted positively, leading to a five percent increase in Disney’s stock value.