Walt Disney is holding its annual shareholders meeting on Tuesday against the backdrop of better-than-expected first quarter earnings.
Theme parks have been a big part of the success story, entertainment and media analysts—Tony Wible at Janney Capital Markets and Michael Morris at Guggenheim—told CNBC on Tuesday. Its cable networks, including ESPN, have also been firing on all cylinders.
But perhaps the biggest driver in the first three months of the year was Disney's animated film "Frozen," which according to the website Box Office Mojo has grossed nearly $400 million domestically and over $1 billion worldwide.
In July, Disney extended CEO Bob Iger's contract through June 30, 2016. The stock is up nearly 240 percent since Iger took the helm in October 2005, versus the S&P 500's 54 percent gain.