Disney has broken its own record of worldwide film receipts by an individual studio in a single year, underlining its dominant position in the global film industry. According to "Variety" magazine, Disney has amassed $7.67 billion to date in 2019, passing the previous best mark of $7.61 billion it managed in 2016.

Disney’s current film "The Lion King" has been instrumental in pushing it over the line: on its second week of global release it has reached $962.7 million in worldwide takings.

Its figures have also been boosted earlier this year by the release of "Avengers: Endgame" (which recently overtook "Avatar" to become the highest earning film of all time), "Captain Marvel" ($1.1bn), "Toy Story 4" ($917.9m) and "Aladdin" ($1.01bn). Only "Dumbo" ($352.9m) can be considered a disappointment.

Disney’s dominant market position is the result of a huge acquisition programme, in which they successively purchased Pixar Animation (makers of "Toy Story" in 2006, Marvel Studios in 2009, and Lucasfilm (producers of the "Star Wars" franchise in 2012). This year they concluded the purchase of fellow Hollywood studio Fox.


Source:https://www.9jagossipers.com.ng/2019/07/disney-breaks-own-record-for-global-box.html?m=1