The loss was primarily attributed to the poor theatrical performance of the sci-fi epic , which failed to meet its high production and marketing costs. Strategic Outlook: The "Avengers" Catalyst
CFO Jay Rasulo emphasized the company's commitment to capital returns, noting that Disney had already repurchased $1.6 billion of its own stock in the first half of the fiscal year. may 8, 2012 the walt disney company investor relations news
Perhaps the most electrifying piece of information for investors and fans alike was the confirmation that a new feature film was in development. The press release explicitly stated that the company planned to release Star Wars: Episode VII in 2015, with long-term plans for Episodes VIII and IX to follow every two to three years. The loss was primarily attributed to the poor
While the revenue growth appeared modest, the composition of the profit told a dramatic story. The company noted that these results were achieved despite a $115 million negative impact from the shift of the Academy Awards broadcast to Q1 (from Q2 in 2011). The press release explicitly stated that the company
*"Lucasfilm reflects the extraordinary passion, vision, and storytelling of its founder, George Lucas. This transaction combines a world-class portfolio of content... that we can monetize across our diverse lines of business, from movies to television to interactive games to theme parks."
It was a prescient statement. Just six months later, Disney would announce the acquisition of Lucasfilm for $4.05 billion, bringing Star Wars into the fold. The seeds for the modern Disney empire were sown in the fertile ground of that record-breaking spring.