By Daniel Hunter

Walt Disney have seen profits rise 12% for the last quarter of 2011 due in part to the rising popularity of its theme parks and earnings from its television channels.

The 12% increase equates to $1.45 billion, however, despite the successful launch of the new Muppets movie in the States revenue in the firm's film business fell.

Disney's shares fell by 1.3% in after-hours trading in New York.

The rise in profits was helped by higher ticket prices and attendance levels at Disney's theme parks.

Further boosts were seen thanks to the opening of Toy Story Land at Hong Kong Disneyland.

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