Corporate Brand 

First half of 2018 results: Lego’s revenue falls 5% to USD 2.21 billion

The LEGO Group witnessed a 5% decline in revenue for the first half of fiscal 2018, to the tune of USD2.21 billion. Similarly, operating profit was down 4% to USD651 million, and net profit dropped 10% to USD465 million. The LEGO Group CEO, Niels B Christiansen said, “Our plan for 2018 is to stabilize the business and invest to create growth in the longer-term. These results show we’re on track and we are encouraged by the early progress. They are due to strong execution by our market teams and compelling…

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Corporate Brand 

Disney Q3 Results: Profits boost 23%, consumer products revenues fall 8% to $1bn

The Walt Disney Company reported quarterly earnings for its third fiscal quarter ended June 30. Disney has seen profits boost 23 percent in its most recent quarterly reports to a net income of USD 2.9 billion but has missed Wall Street estimates for USD1.95 a share. Consumer products and interactive media revenues decreased 8 percent to USD 1.0 billion and segments operating income decreased 10 percent to USD 324 million. The decrease in operating income was due to lower income from licensing activities from products based on Spider-Man and Cars,…

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Brand Licensing Corporate Brand 

Viacom18 net profit increases to Rs 82.7 cr in FY18, licence fees at Rs 26.1 cr

Viacom 18 Media’s net profit for the fiscal ended March 2018 increased 2.7 times to Rs 82.7 crore as compared to Rs 30.6 crore in the previous fiscal. According to a report in the Television Post, the company’s revenue from operations saw a massive increase of 21% to Rs 3685.4 crore as against Rs 3036.4 crore in the previous fiscal. Total expenses increased 20% to Rs 3593.7 crore compared to Rs 3005.8 crore. However, Licence fees remain at Rs 26.1 crore as against Rs 26 crore. Additionally, the company also…

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Corporate Brand 

Rovio reports profits jump 88% in Q1, thanks to Angry Birds

Rovio recorded a significant increase in operating profit due to the Angry Birds 2 game achieving record revenues, in the opening quarter of 2018. The group said its net profit more than doubled to 7.1 million euros ($8.4 million) year-on-year after taxes, while its total revenue decreased slightly by one percent to 65.7 million euros. Finnish mobile gaming company Rovio increased profitability in the first quarter by 88 per cent after the sequel to its popular Angry Birds game generated record revenues and it continued to make money from the Angry Birds movie. On…

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Toys & Games 

Mattel announces first quarter results, global sales fell 4%

Mattel announced first-quarter earnings at a loss of 60 cents per share, which is 21 cents wider than the Wall Street consensus estimate of a loss of 39 cents per share. Sales for the toymaker’s 60-year-old Barbie brand increased by 24% to USD 152.7 million in Q1 2018, despite Mattel’s overall worldwide net sales decreasing by 4% to USD 708.4 million in the period. The company’s worldwide gross sales declined by 2% to US$800 million. However, excluding the impact of the Toys “R” Us liquidation, Mattel’s adjusted worldwide gross sales…

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