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Disney profits up; consumer DVD spending down

In a generally buoyant marketplace, the major entertainment conglomerates have posted better than expected returns for the summer, with Disney the last to announce an 18% rise in profits. This is despite a couple of theatrical misfires, including the Jerry Bruckheimer produced G-Force, and lower than usual consumer spending on DVDs, according to Video Business Magazine. President and CEO Robert Iger continues to shuffle the company’s toppers around following the departure of Dick Cook, moving home entertainment chief Bob Chapek into an expanded role that also includes theatrical and, a major point of focus for Disney’s future, digital distribution.

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