Kids
Despite a poor fourth quarter, Disney FY-16 numbers up
BENGALURU: The Walt Disney Company Inc (Disney) reported 6 percent higher revenue for the year ended October 1, 2016 (FY-16, current year) as compared to the previous year ended October 3, 2015 (FY-15). Operating income in the current year increased 7.1 percent as compared to the previous year. Revenue for FY-16 and FY-15 were $55,632 million and $52,465 million respectively, while operating incomes were $15,721 million and $14,681 million respectively.
However, for the quarter ended October 1, 2016 (Q4-16, current quarter) Disney’s revenue declined 2.7 percent in Q4-16 to $13,142 million vis-à-vis $13,512 reported for Q4-15. Operating income declined 10.1 percent year-over-year (y-o-y) in the current quarter to $3,176 million from $3,534 million in the previous year. The fall in revenues was noticeable across three of four of Disney’s divisions, viz., Media Networks, Parks and Resorts, and, Consumer Products &Interactive Media (Consumer Products). Only the Studio Entertainment Division reported a slight increase in revenue, while operating income declined across all the four in Q4-16 versus Q4-15.
“We’re very pleased with our performance for the year, delivering the highest revenue, net incomeand earnings per share in Disney’s history,” said Disney chairman and chief executive officer Robert A. Iger. “Fiscal 2016 was our sixth consecutive year of record results, highlighted bythe opening of Shanghai Disney Resort, the phenomenally successful return of Star Wars, and our Studio’srecord-breaking $7.5 billion in total box office. We remain confident that Disney will continue to deliverstrong growth over the long-term as we further strengthen our brands and franchises, our technologicalcapabilities, and our international presence.”
Please refer to Fig A below for Disney’s performance for the current quarter and the year
Please refer to Fig B below for segment numbers.
Kids
Mukta Arts and Green Gold ink MOU to animate iconic film IPs
Kalicharan, Karz, Hero, Karma, Ram Lakhan to spawn animated shows plus features.
MUMBAI: When classic hindi movie meets animation, the result is a fresh reel of nostalgia with a cartoon twist. Mukta Arts Ltd. and Green Gold Animation have signed a Memorandum of Understanding (MOU) to collaborate on animated shows and feature films drawn from Mukta Arts’ four-decade treasure trove of iconic IPs. The partnership taps Mukta’s SGM Animation Studio launched in 2025 as its dedicated animation and games arm and Green Gold’s proven track record in building scalable, homegrown franchises. Creative teams from both sides have already kicked off discussions, with the first project currently in development.
The slate will draw inspiration from landmark Mukta films including Kalicharan, Karz, Hero, Karma, Ram Lakhan, Khalnayak, Saudagar and Iqbal, plus character-led spin-offs from those universes. The aim is to reimagine these stories for today’s young, global audiences while preserving their emotional core.
Green Gold Animation (home of Chhota Bheem) founder and CEO Rajiv Chilaka said, “This partnership with SGM Studios allows us to apply our experience in building long-lasting animation IPs to a truly iconic film catalogue. Together, we aim to create animated worlds that are rooted in these legendary stories, yet designed to connect with today’s young, global audiences.”
Mukta Arts Ltd. filmmaker and founder Subhash Ghai added, “Mukta Arts has always believed in creating stories with lasting emotional value. Through animation, we are extending our IP into a new medium for the next generation.”
In an industry where timeless tales never go out of fashion, this collaboration promises to bring beloved characters back to life with a modern, animated glow proving that some stories are too good to stay in live-action. Stay tuned for the first animated frame to drop.
