Walt Disney Co. (NYSE: DIS | DIS Price Prediction) topped the weekend box office for the second straight time, notching a cool $72 million in North American ticket sales. The $72 million box office might not seem much for a company that has a market cap of $263 billion, which is over 3,600 times that amount. Disney has been consistently putting these numbers up all year, and it all adds up.
The Mouse House had six movies reach the $1 billion mark, and there is a likely seventh on the way. The company has grossed more than $10 billion at the global box office this year alone.
Disney films hit more than $3.72 billion at the domestic box office, beating the record it set in 2018 of $3.09 billion, the most of any studio in history. In terms of the numbers, Disney-produced films represented 26.3% of the U.S. box office in 2018.
The total U.S. box office is currently sitting around $11.26 billion, and Disney accounts for about 33% of the total market. However, Disney purchased 20th Century Fox earlier this year. This actually puts Disney as a whole at 38% of the U.S. box office in 2019.
With the introduction of Disney+ earlier this fall, it seems that Disney is becoming the Death Star of the media industry. This is especially true as Disney’s portfolio of movies and shows will only expand from here.
[nativounit]
Shares of Disney were last seen trading at $145.75, in a 52-week range of $105.94 to $153.41. The consensus price target is $156.28.
[recirclink id=600892]
[wallst_email_signup]
Top Gaining Stocks
Top Losing Stocks