×
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

  • FX's 'Snowfall' Panel TCA Winter Press

    John Singleton Hospitalized After Suffering Stroke

    UPDATED with statements from John Singleton’s family and FX Networks John Singleton, the Oscar nominated director and writer of “Boyz N’ the Hood,” has suffered a stroke. Sources confirm to Variety that Singleton checked himself into the hospital earlier this week after experiencing pain in his leg. The stroke has been characterized by doctors as [...]

  • 'Curse of La Llorona' Leads Slow

    'Curse of La Llorona' Leads Slow Easter Weekend at the Box Office

    New Line’s horror pic “The Curse of La Llorona” will summon a solid $25 million debut at the domestic box office, leading a quiet Easter weekend before Marvel’s “Avengers: Endgame” hits theaters on April 26. The James Wan-produced “La Llorona,” playing in 3,372 theaters, was a hit with hispanic audiences, who accounted for nearly 50% [...]

  • Jim Jarmusch in 'Carmine Street Guitars'

    Film Review: 'Carmine Street Guitars'

    “Carmine Street Guitars” is a one-of-a-kind documentary that exudes a gentle, homespun magic. It’s a no-fuss, 80-minute-long portrait of Rick Kelly, who builds and sells custom guitars out of a modest storefront on Carmine Street in New York’s Greenwich Village, and the film touches on obsessions that have been popping up, like fragrant weeds, in [...]

  • Missing Link Laika Studios

    ‘Missing Link’ Again Tops Studios’ TV Ad Spending

    In this week’s edition of the Variety Movie Commercial Tracker, powered by the TV ad measurement and attribution company iSpot.tv, Annapurna Pictures claims the top spot in spending for the second week in a row with “Missing Link.” Ads placed for the animated film had an estimated media value of $5.91 million through Sunday for [...]

  • Little Woods

    Film Review: 'Little Woods'

    So much of the recent political debate has focused on the United States’ southern border, and on the threat of illegal drugs and criminals filtering up through Mexico. But what of the north, where Americans traffic opiates and prescription pills from Canada across a border that runs nearly three times as long? “Little Woods” opens [...]

  • Beyonce's Netflix Deal Worth a Whopping

    Beyonce's Netflix Deal Worth a Whopping $60 Million (EXCLUSIVE)

    Netflix has become a destination for television visionaries like Shonda Rhimes and Ryan Murphy, with deals worth $100 million and $250 million, respectively, and top comedians like Chris Rock and Dave Chappelle ($40 million and $60 million, respectively). The streaming giant, which just announced it’s added nearly 10 million subscribers in Q1, is honing in [...]

More From Our Brands

Access exclusive content