Disney Profits Hit All-Time High After "Star Wars" Release

BuzzFeed - Lucasfilm / Via youtube.com There's no business force like the force. The Walt Disney Company's earnings for the first quarter of its fiscal year showed a massive 46% jump in revenue from its movie studio to $2.7 billion, thanks to the success of The Force Awakens. "The increase in theatrical distribution results and higher revenue share with the Consumer Products & Interactive Media segment were due to the strong performance of Star Wars: The Force Awakens in the current quarter," the company said in a statement, also noting greater revenue from streaming older Star Wars films. The power of Star Wars was also felt on its consumer products division, where revenue grew 8% to $1.9 billion. While the rise was not as stark, that's because at this time last year, Disney's toy business was riding high on the juggernaut that was Frozen. But even the return of Luke Skywalker couldn't distract analysts and investors from the action at Disney's largest business: its TV networks, particularl