financetom
Business
financetom
/
Business
/
Disney rides pair of box office hits into D23 fan convention
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Disney rides pair of box office hits into D23 fan convention
Aug 9, 2024 3:36 AM

ANAHEIM, California, Aug 9 (Reuters) - Walt Disney ( DIS )

, which reclaimed the top of the summer box office with

Pixar animation's "Inside Out 2" and Marvel's raunchy "Deadpool

& Wolverine," is set to announce details of coming films at its

D23 fan convention on Friday.

The company touted the strength of its movies during an

investor call this week, marking a return to form after losing

its place as the highest-grossing Hollywood studio in 2023.

"It's never too late to have that big Hollywood comeback,"

said Paul Dergarabedian, senior media analyst for Comscore. "And

they've certainly had that."

"Inside Out 2" is the highest grossing animated film of all

time, with a global box office tally of $1.6 billion, surpassing

the record set by Disney's ( DIS ) "Frozen II." A month later, "Deadpool

& Wolverine" had the best domestic opening for an R-rated film

and has brought in more than $850 million in global ticket

sales.

"There is of course variability in the film business," wrote

Deutsche Bank analyst Bryan Kraft in a note to investors. "But

if Disney ( DIS ) has found its box office magic once again, additional

growth may be ahead, as a strong theatrical slate continues."

Disney ( DIS ) CEO Bob Iger extolled the film studio's theatrical

lineup over the next two years, which includes the animated

sequel "Moana 2," a live-action version of "Disney's ( DIS ) Snow

White," a rebooting of the Marvel superhero franchise "The

Fantastic Four: First Steps" and James Cameron's third "Avatar"

movie.

"When you think about not only the potential of those in the

box office, but the potential of those to drive global streaming

value, there's a reason to be bullish about where we're headed,"

Iger said on the investor call.

The release of "Inside Out 2" helped generate more than 100

million views of the original film on Disney+, the company said.

Investors and fans are hoping for more details on Friday

about future plans for the Marvel superhero studio. The company

had to choose a new villain for future films after actor

Jonathan Majors was convicted of assaulting and harassing a

former girlfriend. It also was forced to delay some titles

because of strikes by Hollywood writers and actors last year.

At last month's Comic-Con pop culture convention, Disney ( DIS )

revealed that "Iron Man" actor Robert Downey Jr. will play the

"Fantastic Four" villain, Doctor Doom.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Copyright 2023-2026 - www.financetom.com All Rights Reserved