Disney Is Heating Up With Frozen, Alibaba Is Coming to Town and Candy Gets Crushed

The cold never bothered Disney anyway…

Image courtesy of jscreationzs/FreeDigitalPhotos.net

Image courtesy of Previewjscreationzs/FreeDigitalPhotos.net

Do you want to build some profit? Net income for Disney (DIS) soared 27% this quarter thanks in big BIG part to their animated feature Frozen. And also to Captain America. And because of increased spending at theme parks and then there was all that money made at ESPN and then…but mostly because of Frozen. In fact it was one Disney’s best quarters ever. Frozen pulled in a cool $1.2 billion and is the highest grossing film ever. It’s also the best-selling Blu-ray and digital download. Ever. Disney gained over a dollar per share. Analysts, however, only expected a $0.96 gain per share. But what do they know anyways when it comes to princesses and snowmen?

Biggest IPO ever. Ever?

Image courtesy of arztsamui/FreeDigitalPhotos.net

Image courtesy of arztsamui/FreeDigitalPhotos.net

Alibaba, the online retail service that powers 80% of all online commerce in China and has more active users (231 million) than Amazon and eBay combined is gearing up to become the biggest IPO in the US. Ever. It’s expected to raise at least $16 billion, looking to surpass what Facebook raised. It’d be the largest Chinese corporation to be listed on a US exchange and the Chinese government is over- eager to see one of their homegrown enterprises make a big entrance into the big league tech game. But oh the irony as Facebook and Twitter aren’t even allowed to operate in China. The same goes for Youtube. Alibaba was founded by its chairman Jack Ma, fifteen years ago, in a one room apartment in China. He is currently ranked by Forbes as the fifth richest person in China.

Candy Crushing…

Image courtesy of foto76/FreeDigitalPhotos.net

Image courtesy of foto76/FreeDigitalPhotos.net

King Digital, the force behind the supremely addictive mobile game Candy Crush released its first earnings report since its much (overly)hyped March debut. Its first quarter revenue jumped – really really high – with profits of $127 million which was a 142% increase over the same time last year. Yes that was a triple digit percentage gain. In fact King Digital had triple digit percentage gains all over the place. Those numbers were due in large part to their just released Farm Heroes Saga which helped triple their numbers from $205.9 million to $606.7 million. But – and this is a big sugar coated but, Wall Street is definitely losing its sweet tooth for the game as growth slowed and shares of King Digital took a very unappetizing tumble because the number of unique monthly visitors has begun to decline.

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