Disney Breaks Yet Another Record

Senses Syahirah Mokhtazar 16-Aug-2019

Shortly after news circulated that the reboot of The Lion King achieved yet another monetary milestone having grossed $1.335 billion USD beating Frozen’s $1.277 billion USD, Disney has broken yet another new record.

The company can proudly say it has become the first studio to have five $1 billion USD movies in a single year.

This became a reality when the fourth installment of the Toy Story franchise became the fifth movie from the studio to hit the $1 billion USD mark on Wednesday.

Toy Story 4 which opened in June with $118 million in ticket sales was reportedly the highest debut of any Toy Story film.

Chief analyst at BoxOffice.com  Shawn Robbins said in an article by CNBC: “It’s hard to call it surprising at this point because we’ve long expected this to be the crowning year of Disney’s theatrical buildup, but it doesn’t make it any less impressive.”

“It’s an unprecedented achievement that speaks to how well Disney has understood and embraced its expansive audience in recent years,” he added.

A senior media analyst at Comscore, Paul Dergarabedian said: “Disney has unprecedented brand horsepower with Pixar, LucasFilm, Marvel, and the other Disney film divisions bringing a bear slate of films that in 2019 has proven to be unstoppable at multiplexes around the world.”

It’s not even September yet and Disney has made nearly $8 billion at the global box office this year.

We’re sure Disney will be able to top this feat with release of Frozen 2, Maleficent: Mistress of Evil and Star Wars: The Rise of Skywalker in the coming months!

Source: Hypebeast, CNBC

Photo: CNBC / Kevin Winter / Getty Images