Barbie will contribute more than $125 million in gross billings to Mattel this year, the toymaker’s CFO said today in a shout-out to the “nice contribution” from the blockbuster film as it closes in on $1.4 billion worldwide.
Chief financial officer Anthony DiSilvestro, speaking alongside CEO Ynon Kreiz at a Goldman Sachs media conference, said cash will continue to flow through 2024 and beyond.
Mattel, which owns the IP to the doll launched in 1959, has a meaningful economic participation in the Warner Bros. film, the execs said. “Our economics are a function of the revenue, as well as profit participation, which scales up with the success of the movie,” according to DiSilvestro.
He said the$125 million includes direct movie participation plus sales of toys and consumer products. Mattel defines gross billings as amounts invoiced to customers, excluding adjustments.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.