US
entertainment giant Walt Disney's fourth quarter revenue beat market
expectations thanks to its recent blockbuster movies.
The
company reported a 7% increase in quarterly revenue to $12.39bn (£7.8bn), above
expectations of $12.36bn.
Hit
films Guardians of the Galaxy released in July and Maleficent starring Angelina
Jolie drove its studio unit growth by almost 18%.
Disney
said it would release another
anticipated hit Toy Story 4 in 2017.
"Our
results for fiscal 2014 were the highest in the company's history, marking our
fourth consecutive year of record performance," said chief executive
Robert Iger in a statement.
The
five Marvel movies that Disney has released since 2009 after buying the brand
have averaged $1bn in worldwide box office sales, he added.
Revenue
at its popular parks and resorts also rose 7% on increased attendance and
higher ticket prices for admissions.
But
operating income at the company's cable networks business fell 1% in the same
period due sports giant ESPN having to pay higher contract fees for National
Football League (NFL) and Major League Baseball (MLB) games.
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