Walt Disney Studios Has Now Reached A Record $8 Billion At The Global Box Office This Year

Walt Disney Studios Has Now Reached A Record $8 Billion At The Global Box Office This Year

Walt Disney Studios continues its record-breaking year at the box office, with Disney CEO Bob Iger confirming in today's earnings report that the company has reached $8 billion globally. Check it out...

By MattIsForReal - Aug 06, 2019 04:08 PM EST
Filed Under: Disney
Just a week after Disney set a new all-time record for global ticket sales for a single studio with $7.67 billion worldwide — breaking its own record set in 2016 — CEO Bob Iger announced that Walt Disney Studios has reached $8 billion at the global box office this year.

"I’d like to congratulate The Walt Disney Studios for reaching $8 billion at the global box office so far this year–a new industry record–thanks to the stellar performance of our Marvel, Pixar and Disney films," Iger said in the company's earnings report.

Disney's record-breaking year has been fueled by Avengers: Endgame, The Lion King, Captain Marvel, and Aladdin — all four of which have surpassed $1 billion globally. Avengers: Endgame, aided by a theatrical re-release, scored a global haul of $2.789 billion, surpassing James Cameron's Avatar as the highest-grossing movie of all-time.

As previously noted, of the top six movies at the global box office, Disney is responsible for five of them:
  1. Avengers: Edngame - $2.79B
  2. The Lion King - $1.20B
  3. Captain Marvel - $1.12B
  4. Spider-Man: Far From Home (Sony) - $1.07B
  5. Aladdin - $1.02B
  6. Toy Story 4 - $961.5M
Having already hit $8 billion, it's looking increasingly likely that Disney will surpass $10 billion globally this year alone. Looking at the calendar, Disney still has three potential major blockbusters: Maleficent: Mistress of Evil (October 2019), Frozen 2 (Novembert 2019), and Star Wars: The Rise of Skywalker (December 2019). The latter two will almost certainly each earn over $1 billion globally.

And looking even further down the line to 2020 and 2021, Marvel Studios announced a robust plan for Phase 4 of the MCU, which includes an assortment of movies and TV shows that'll be released either in theaters or through Disney+.

Despite the unprecedented box office performance, Disney's earnings for the quarter actually came in well-below industry analysts' estimates, which sent the stock tumbling after hours. However, Disney atributed the missed targets to higher operating costs associated with the acquisition of 21st Century Fox, full ownership of Hulu, and the investment in its upcoming streaming service Disney+.

During the investor call, Disney also announced a bundle package deal for Disney+, ESPN+, and Hulu.
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itzayaboy
itzayaboy - 8/6/2019, 4:22 PM
Give me more Star Wars content please and thank you.
JohnnyTBP
JohnnyTBP - 8/6/2019, 4:24 PM
Disney just wakes up to money
Forthas
Forthas - 8/6/2019, 4:34 PM
Warner Brothers could have been the counter weight to Disney, but after Man of Steel they went into full retard! Now they think films like Shazam are the way to go! What a joke!
knocturnalzen10
knocturnalzen10 - 8/6/2019, 4:37 PM
@Forthas - but Shazam was a very good film ....
Forthas
Forthas - 8/6/2019, 4:41 PM
@knocturnalzen10 -



...if only anybody bothered to watch it!
Kyos
Kyos - 8/6/2019, 4:41 PM
@knocturnalzen10 - My favourite of the DCEU era. Naturally it's the lowest grossing one. Same with the first Sony-on-their-own Spider-Man movie I liked in almost 15 years. Pity. :(
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