Disney Becomes First Ever Studio to Hit $7 Billion at Global Box Office

Star Wars Rogue One Movie Review
Courtesy of Disney/Lucasfilm

Disney has shattered industry records, setting a new benchmark for annual box office revenues to become the first studio to hit $7 billion globally. All it took was a “Star Wars” spinoff, a trio of animated smashes, and a pair of Marvel films. That list of blockbuster heavy hitters is a sign of just how formidable a competitor Disney has become for other major studios.

The news comes on the heels of “Rogue One: A Star Wars Story’s” release last weekend. The space opera prequel pulled in nearly $300 million globally, and is expected to dominate ticket sales over the winter holidays. Universal set the previous record, amassing $6.89 billion in 2015 thanks to blockbusters such as “Furious 7,” “Minions,” and “Jurassic World.”

Earlier this year, Disney became the fastest studio to hit $2 billion domestically, $3 billion internationally, and $5 billion globally.

Related

Rogue One: A Star Wars Story

‘Rogue One’ Box Office Success Proves ‘Star Wars’ Can Get Marvel Treatment

Disney owes its success to more than just a return to a galaxy far, far away. Three of the studio’s films (“Finding Dory,” “Captain America: Civil War,” and “Zootopia”) cracked $1 billion at the global box office, and “Jungle Book” came close, earning $966.6 million. It also scored with “Moana” and “Doctor Strange.” Not everything Disney produced met with popular approval. “The BFG” and “Alice Through the Looking Glass” both failed to spark much enthusiasm among audiences and rank among the year’s biggest flops.

“This historic achievement is possible because all of our film studios are bringing their absolute best to the table, telling great stories of all kinds that resonate with audiences across borders, gender, and generations,” said Alan Horn, chairman of the Walt Disney Studios, in a statement. “These films work because each one has not only something for everyone, but everything for someone.”

Under Disney chief Bob Iger’s leadership, the company has grown acquisitive. The company has shelled out more than $15 billion to buy Marvel, Pixar, and Lucasfilm. That spending is widely considered to have been worth it. It’s granted Disney the rights to iconic characters such as Luke Skywalker, Darth Vader, Buzz Lightyear, Captain America, Iron Man, and the Incredibles.

Among its various accomplishments, Disney is responsible for five of the top 10 films of the year globally, domestically, and internationally. The four highest-grossing releases are all Disney films.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 6

Leave a Reply

6 Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  1. Kil says:

    All of it is done through the exploitation of everyone involved, and let’s not forget all the tax credits too…

  2. adam says:

    Disney only had two bombs this year. The BFG and Alice: Through the Looking Glass.

  3. cadavra says:

    Hey, congratulations, Trumpsters! That boycott really did its job!

  4. loco73 says:

    Those damn black armoured death troopers alone are worth the price of admission for “Rogue One”…who knew they shoot, don’t miss…and kill…

  5. Practical Voice in the Hollywood Wilderness says:

    Boom!

    How about a stock bump, Wall Street?

More Film News from Variety

Loading