Don’t be surprised to wake up to a new Walt Disney Co (NYSE:DIS) Hollywood record of the company’s box-office haul. The studio is set to blow up the industry in two months time, having already earned $5.81 billion in worldwide ticket vending as of November 1. It has been releasing a steady stream of comic book adaptations over time, but it turns out that 2016 is so far one of its best years to reckon.
Disney’s 2015 record of the worldwide total gross was at $5.84 billion, thanks to “Star Wars: The Force Awakens,” which played the biggest part in this achievement. However, there are chances that the remaining two months will put the record beyond the $6 billion mark, given the weekend’s worldwide opening of “Doctor Strange.” Apparently, it is already taking sovereignty even before its big debut in the U.S.
Disney Hollywood record: Is that everything that the studio releases turns out to be gold?
The current Disney Hollywood record can be pulled from its previous success. It has had a couple of blockbusters the likes of Lucasfilm’s Star Wars, Pixar’s Finding Dory, The Jungle Book, and Captain America: Civil War among others, all which have collected millions of dollars in revenue. Walt Disney Animation Studios’ Moana and Lucasfilm’s Rogue One: A Star Wars Story hits the theaters on Nov. 23 and Dec. 16 respectively, this the high expectations of the $6 billion mark.
In attesting to the studio’s success, its Chairman, Alan Horn through a press release wrote, “For the second year in a row, The Walt Disney Studios has reached a new high at the box office thanks to an absolutely stellar collection of releases from Disney, Disney Animation, Pixar, Marvel, and Lucasfilm.” He further noted, “This success is a testament to the refined talent and innovative work the entire Studio team puts into making these world-class cinematic experiences.”
But The Walt Disney Studios has also experienced a share of mishaps
Having a positive and negative side of every situation is natural. Despite the remarkable record, the studio has also had a couple of flops some of which were very massive. Alice Through the Looking Glass earned just $299 million, which was petite compared to its $170 million production budget. The BFG was the most shocking with only $242 million against a $140 million budget. Apparently, it was the first collaboration ever between Disney and Steven Spielberg.
Nonetheless, the 2016 Disney Hollywood record outweighs all the past failures. Meanwhile, Disney’s stock closed at $91.91, a decline of $0.48 or 0.52%.
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