Pakistan & Gulf Economist

Disney hauls in $7.325 billion at box office in 2018

Disney hauls in $7.325 billion at box office in 2018

Chris Evans in ‘Avengers: Infinity War’.
Image Credit: Supplied

 

Published in Gulf News, on Jan 03rd, 2019,

It remains the only studio to ever post more than $7b in annual box office receipts

Disney posted its second best year at the box office ever, raking in $7.325 billion (Dh26.9 billion) worldwide for everything from ‘Black Panther’ and ‘Avengers: Infinity War’ to hit animated sequel ‘Incredibles 2’ and the latest ‘Star Wars’ film.

Disney remains the only studio to ever post more than $7 billion in annual box office receipts. In 2016, it recorded its best year at $7.6 billion.

“Thanks to the support of fans of Disney, Pixar, Marvel Studios, and Lucasfilm around the world, it’s been a monumental year for The Walt Disney Studios,” chairman Alan Horn said in a statement.

In North America, Disney made nearly $3.1 billion, a new industry record, thanks to the runaway success of ‘Black Panther’, ‘Avengers: Infinity War’ and ‘Incredibles 2’ — now all among the top 10 highest grossing films of all time.

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Each one earned more than $600 million in the United States and Canada.

Cumulatively, those three films alone made $4.64 billion worldwide.

Other successes on the Disney slate include Marvel superhero flick ‘Ant-Man and The Wasp’, ‘Solo: A Star Wars Story’ and ‘Mary Poppins Returns’ — which has already made more than $200 million around the world and is still in theatres.

In 2019, Disney has another massive year ahead on the silver screen, with ‘Captain Marvel’ and ‘Avengers: Endgame’ leading the Marvel charge in the spring, and ‘Frozen 2’ due at year’s end, along with ‘Star Wars: Episode IX’.

New versions of animated classics ‘Dumbo’, ‘Aladdin’ and ‘The Lion King’ are yet to come, as is Pixar’s ‘Toy Story 4’.

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