×
You will be redirected back to your article in seconds

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

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.

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.

More Film

  • Halloween

    Movies Featured More Female Protagonists in 2018, But It's Not All Good News (Study)

    “Halloween,” “A Star is Born,” and “Crazy Rich Asians” made headlines for featuring strong roles for women, but even though the number of female film protagonists hit a high in 2018, the movie industry still offered its juiciest parts to men. At a time when Hollywood is under pressure to become more inclusive and is [...]

  • New Fox Appoints Wayne Borg to

    New Fox Appoints Wayne Borg to Los Angeles Studio Role

    Wayne Borg, who has headed the Fox Studios Australia operations in Sydney for the past four years, has been appointed president and general manager of studios at New Fox. He will relocate from Australia to Los Angeles. Fox Studios Australia, which is to remain part of 21st Century Fox and will become part of Disney [...]

  • Lisa Borders Time's Up

    Time's Up President Lisa Borders Resigns

    Lisa Borders has resigned as president of Time’s Up, she and the organization announced on Monday. Borders is resigning due to family issues, she said in a statement. Time’s Up COO Rebecca Goldman will now serve as interim CEO. “As Time’s Up continues to grow, I am proud of the work I have done to [...]

  • Keira Knightly as "Rachael Morgan" in

    Film Review: Keira Knightley in 'The Aftermath'

    Less widely seen (and acclaimed) than it deserved to be, James Kent’s debut feature “Testament of Youth” was one of the great recent love-in-wartime dramas, translating the intimate romance and sprawling human tragedy of Vera Brittain’s WWI memoir with a grace and heft worthy of its David Lean allusions. Four years on, it’s not hard [...]

  • Inside Amazon's New Feature Film Strategy

    Amazon's New Film Strategy: Straight-to-Service Titles and Starry Sundance Buys

    It was close to midnight when Amazon Studios chief Jennifer Salke got the text. The company had failed in its quest to acquire “Brittany Runs a Marathon,” a body image dramedy that captivated Salke when she saw it at Sundance. A sales agent on the project messaged her to say that a competitor offered a [...]

  • Alfonso Cuaron71st Annual Writers Guild Awards,

    Alfonso Cuarón on Academy's 'Inevitable' Reversal on Televised Oscar Categories

    Alfonso Cuarón isn’t exactly surprised that the Academy reversed its decision and will now air all the Oscar categories during the live show on Sunday. Feb. 24. Calling the decision “inevitable,”Cuarón tells Variety that he thinks the Academy should take things even further. “Let’s stop calling them technical categories!” he told Variety on Sunday night [...]

More From Our Brands

Access exclusive content