Disney has once again hit the $5 billion mark at the global box office, having reached the milestone thanks to the success of Thor: Ragnarok and Coco. Disney has always been a powerhouse thanks to their hit animated films and their family-friendly live-action movies, but recent years have seen them reach new levels off critical acclaim. Along with the near-universal love of Pixar films, the company’s acquisition of Lucasfilm and Marvel Entertainment helped catapult them to new financial peaks. Movie theaters have taken a hit in 2017, but Disney is still going strong.
Thanks to the release of highly-anticipated blockbusters like Avengers: Age of Ultron and Star Wars: The Force Awakens, Disney was able to hit $5 billion at the domestic box office in 2015. Last year found them matching that feat thanks to films like Captain America: Civil War, Finding Dory, Rogue One: A Star Wars Story, and Moana. Those releases helped Disney earn $3 billion domestically right at the close of 2016, and the latter two films carried into this year to give the studio their first half a billion in 2017. Now, they have increased that tenfold.
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Exhibitor Relations is reporting that Disney has once again crossed the $5 billion mark at the global box office. This marks the third year in a row that they have accomplished the feat, something no other studio has done before. The hurdle was overcome thanks to Coco‘s strong opening, with the Pixar film sitting at $179M globally. Meanwhile, Thor: Ragnarok is set to pass $800M today at the worldwide box office.
Both Coco and Ragnarok will continue to increase their box office takes over the month ahead, while Disney’s biggest movie of the year is about to hit the scene. Star Wars: The Last Jedi is tracking for a big opening, with a projected debut that could match The Force Awakens. The film will easily pass $1 billion worldwide, and if enough of that comes in December then Disney will reach the $6 billion mark before 2017 grinds to a halt.
Star Wars films and Pixar movies are a big reason for Disney’s success in recent years, as is Marvel Studios’ film output. While Marvel didn’t break any of its own box office records in 2017, it released three films – Guardians of the Galaxy Vol. 2, Spider-Man: Homecoming, and Thor: Ragnarok – that proved to be commercial smash hits, pushing the Marvel Cinematic Universe itself past $5 billion domestically and $13 billion at the global box office to date.
2018 could be an even bigger year for Disney. Though the success of next year’s Solo: A Star Wars Story likely won’t match that of the last two Star Wars Saga films, it should still do quite well. Meanwhile, Marvel will once again release three films, with Avengers: Infinity War expected to be the MCU’s biggest performer to date. Along with all of Disney‘s other offerings, 2018 could be an even more lucrative year for the Mouse than 2017 was.
Source: Exhibitor Relations
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