Financial Review
Business Segment Performance
Disney Consumer Products
Disney’s Consumer Products business also generated strong results for the year. Merchandise licensing, the largest business under the Consumer Products umbrella, leveraged both new and existing creative properties like Pirates, Cars and Princess to help Consumer Products deliver double-digit growth in operating profit for the year. At the same time, we have continued to allocate substantial resources toward development spending for Buena Vista Games, our non-sports video game business.3 We expect to continue to increase our investment in video games over time as we believe this business offers Disney the opportunity to create products that reinforce and leverage our character properties, while delivering attractive earnings growth and returns on our investment.
3 Development spending at Buena Vista Games in Fiscal Year 2006 was approximately $100 million.
