Disney is unstoppable, raking in almost $8 billion from movies this year
Disney has always been a entertainment super power, but did you realise just how big the company is?
Disney, or back when it was called the Walt Disney Company, has come a long way since 1923 when it was born. The eponymous little studio began when two brothers crammed themselves into a tiny office and began work making short live-action and animated films by hand.
It wasn’t till 1937 where the Disney you know today started to make its way onto near every television set in the Western hemisphere. This was the year that Snow White and the Seven Dwarfs came out, followed by a series of now legendary films such as Pinocchio, Dumbo and Bambi.
As Disney began to spread its wings, work on more things, build entire castles and parks, this is when it made the genius bid to buy up Marvel Entertainment.
Looking back on the deal, and looking at the statistic now, you’d be kicking yourself to sell Marvel for such a low number. In 2009, however, the merger of Disney and Marvel was approved for $4.24 billion.
The MCU film franchise is the highest grossing film franchise of all time, having grossed over $22.4 billion dollars in a mere 12 years.
It’s little surprise then that the superstar Hollywood studio that is Disney has had a good year, very good actually. It’s only August and Disney’s movie endeavours have netted a sweet $7.67 billion so far. This is a new record for highest global box office results in a year. The previous record was also held by Disney in 2016 at $7.61 billion.
Films like Avengers: Endgame, Captain Marvel and Aladdin have all crossed the line to make over a $1 billion this year. Toy Story 4 is expected to also become a billionaire, with The Lion King already not far behind just a few weeks after release.
Not only does Disney hold all the Marvel chips, it also owns yet another beloved franchise, Star Wars. Back in 2012, Disney bought up Lucasfilm for $4.05 billion. The last Star Wars film that came out, The Last Jedi, made $1.33 billion, the next film, which is coming out this year is going to do just as well if not better. Keep your eyes peeled for Star Wars: The Rise of Skywalker.
Disney’s dominance is near unbelievable, it holds 45% of the $16 billion or so worldwide profits all movies have made this year. Warner Bros is in second place having made $2 billion this year.