Disney Sets Box Office Record with Five Months to Spare | Financial Buzz

Disney Sets Box Office Record with Five Months to Spare

It is only July, but Walt Disney Co. (NYSE: DIS) has already set the record for the highest-grossing studio in a year. 

Disney has brought in USD 7.67 Billion so far in 2019, and it has just over 5 months to continue growing that number. The previous record, also set by Disney, was USD 7.61 Billion in 2016. 

Disney has unveiled numerous blockbuster films this year. Three of these movies have managed to surpass USD 1 Billion at the global box office. These films include: “Avengers: Endgame,” “Captain Marvel,” and “Aladdin.” It appears to be inevitable that Disney will soon have at least four movies cross the USD 1 Billion threshold this year. Both “Toy Story 4” and “The Lion King” have raked in over USD 900 Million worldwide and could be well on their way to the USD 1 Billion mark. 

With a slew of notable films waiting to be released this fall and winter, Disney could be set to far surpass its current record. Highly anticipated movies that will be released later this year include: “Maleficent: Mistress of Evil,” “Frozen 2,” and “Star Wars: The Rise of Skywalker,” which will be the final chapter in the Star Wars Skywalker saga. 

Despite Disney’s apparent dominance of the filmmaking industry, other studios are set for a strong second half of the year as well. Films set to be released by rival studios include: “It: Chapter 2” and “Jumanji: The Next Level,” from Warner Bros. and Sony (NYSE: SNE), respectively. “Those films and others like them will make their mark with audiences who are always looking for different types of content at the multiplex,” said Paul Dergarabedian, Senior Media Analyst at Comscor (NASDAQ: SCOR) to CNN Business.

“Disney’s global domination is a reflection of what happens when you have some of the biggest brands in film,” said Dergarabedian. “Not to mention, the marketing muscle to get that content on the minds of virtually every potential movie-goer around the world on a consistent basis.”