The Walt Disney Company Releases First Quarter Earnings Report

Thanks to a hammer wielding god and a queen with an icy touch, The Walt Disney Company reported a 33 percent increase in profits for the 2014 fiscal year first quarter.

Walt Disney Studios reported a 75 percent increase in operating income to $409 million which was due to the success of Marvel's Thor: The Dark World and the monstrous hit Frozen. Thor earned $633.1 million in global box office sales, while Frozen is on track to earn $1 billion in global ticket sales.

Frozen will continue to be a moneymaker for the company through merchandise sales, Blu-ray and DVD sales, and more including a rumored Broadway show and expected Disney on Ice show.

Disney's Consumer Products division reported a 24 percent increase in operating income to $430 million thanks to an increase in merchandise and licensing product sales of Star Wars toys in addition to merchandise sales from Planes and Monsters University.

The Disney Parks and Resorts operating income increased 16 percent to $671 million. This increase was primarily due to an increase in guest spending at the parks and resorts which reflected higher prices for tickets, food, beverages, and merchandise.

One area within the company that is still struggling is Disney Interactive. The video game division is reportedly planning to eliminate at least 200 jobs in the near future, even though it reported $55 million in operating income, which is an increase from $9 million last year.

The Walt Disney Company said the division will still report a second quarter operating loss.

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