‘Alice in Wonderland’ Buoys Walt Disney’s Income

May 12, 2010 Updated: May 12, 2010

The $1 billion pulled in by Alice in Wonderland is doing wonders for Walt Disney Co. as the entertainment company said its quarterly net income has risen to $953 million, up from $613 million a year ago.

Alice earned $350 million in the United States, and another $600 million abroad. The Burbank, Calif.-based firm said that licensed products gained 20 percent in sales, mostly due to its acquisition of Marvel Entertainment—a major player in licensed toys and other products—in late 2009.

CEO Robert Igor said on a conference call with analysts on Wednesday that Disney expects to release a number of new Pixar films, beginning with Toy Story 3 next month, as well as sequels to Cars and Monsters Inc. in the coming years.