The Walt Disney Company (DIS) is expected to announce quarterly earnings after the market close today. Wall Street is expecting to see earnings per share of $0.96 on revenue of $11.24 billion. If Disney beats those estimates, partial credit will be given to the company’s hit movie “Frozen.” The worldwide smash is the highest-grossing animated movie ever. Released in November, "Frozen" so far has raked in $1.1 billion according to Rentrak. All of that cold cash from “Frozen” increased operating income for the company’s movie division by 75% last quarter.
In the corresponding video, Yahoo Senior Columnist Michael Santoli spoke with Lauren Lyster about what to expect from Disney’s earnings and how the company can continue to ride the momentum from “Frozen.”
“Obviously you’re looking at big hits,” Santoli said, “but in particular, you’re looking for big hits that can become a franchise for years to come.” He said this includes not just sequels to “Frozen,” but also merchandising, perhaps television spinoffs for the Disney Channel on cable, or a theme park attraction at some point. All of these would be ways to expand the movie's reach around the world, according to Santoli.
“So I do think you want to hear more about how “Frozen” can work its way through the whole Disney ecosystem,” he said.