- Disney could earn more than $9 billion at the global box office.
- Through May, Disney has earned $1.6 billion in North America and more than $4 billion worldwide, according to data from Comscore.
- “The Lion King,” “Toy Story 4,” “Frozen 2” and “Star Wars: Rise of Skywalker” are all due out later this year.
Disney has a shot at the impossible in 2019 — earning more than $9 billion at the global box office.
The entertainment giant has been a box office behemoth for the last five years, setting and then smashing its own records in the film industry over and over again. In 2016, the company’s films earned a record $7.6 billion globally. Last year, the company nearly broke that record again, reaching $7.3 billion. Domestically, Disney made a record $3.09 billion in 2018.
Both of those records could be passed in 2019.
“I would say they should finish pretty substantially above where they finished last year,” Doug Creutz, analyst at Cowen, said. ”… I think it’s going to be above eight [billion dollars], it might be above nine.”
Through May, Disney has earned $1.6 billion in North America and more than $4 billion worldwide, according to data from Comscore. Its closest competitor so far this year is Warner Bros., which has earned $702 million domestically since January, about half of which is from “Aquaman,” which was released in December 2018.
Disney has a stellar film slate in 2019. Already, it has released two massive Marvel films — “Captain Marvel” and “Avengers: Endgame” — as well as two live action remakes — “Aladdin” and “Dumbo” — and the nature documentary “Penguins.”
There’s still more to come. Next Friday, a new “Toy Story” film opens, then there is a live action remake of “The Lion King,” “Maleficent: Mistress of Evil,” “Frozen 2″ and the final film in the Skywalker saga, “Star Wars: Rise of Skywalker.”
Only 13 films have done half a billion or more at the domestic box office, and nine of those are Disney films.
“They could have five films break half a billion dollars in domestic box office this year,” Creutz said. “Last year they had three.”
“Avengers: Endgame” has already pulled in more than $825 million domestically. Creutz pointed to “Toy Story 4,” “The Lion King,” “Frozen 2″ and “Star Wars: The Rise of Skywalker” as the other films that could be destined to haul in $500 million or more in North America this year.
Neil Macker, analyst at Morningstar, noted that “Toy Story 4” will likely make around the same as “Incredibles 2,” which took in $608 million in the U.S. and $634 million internationally.
“A billion-type number would be reasonable for that, if not a little higher,” he said, before noting that “Frozen 2″ could earn even more than that. Its Thanksgiving release is a prime date for families to take their kids to the movies and even offers the chance for the film to be watched multiple times during that weekend.
DIS shares rose $0.24 (+0.17%) in after-hours trading Friday. Year-to-date, DIS has gained 29.18%, versus a 16.25% rise in the benchmark S&P 500 index during the same period.
This article is brought to you courtesy of CNBC.