Disney (NYSE:DIS) See Best Year Ever At Box Office

Disney (NYSE:DIS) See Best Year Ever At Box Office

Disney (NYSE:DIS) See Best Year Ever At Box Office

$DIS

The Hollywood studio is home to the 4 Top-grossing films of the YTD: ‘Captain America: Civil War,’ ‘Zootopia,’ ‘Finding Dory’ and ‘The Jungle Book.’

Disney is celebrating another milestone at the global box office, driven by superheroes, talking animals and The Force.

With 2 months left to go in Y 2016, the studio has already posted its biggest year ever worldwide with $5.85-B through 1 November, surpassing its prior record of $5.84-B in Y 2015. And it is virtually assured of setting a new industry record in Y 2016, besting Universal’s Y 2015 box office take of $6.89-B.

Disney has 4 of the Top-grossing Y 2016 movies so far, 3 earned North of $1-B, they are: Captain America: Civil War ($1.15-B), Zootopia ($1.023-B), Finding Dory ($1.022-B) and The Jungle Book ($966-M).

Revenue for Y 2016 also includes $736.6-M carryover ticket sales for Star Wars: The Force Awakens, which was released in December 2015 and earned $2.068-B worldwide.

Disney has set severaly industry records this year, becoming the fastest studio to hit $2-B domestically (July 16), $3-B internationally (July 6) and $5-B globally (July 10). And on October 16, the studio hit its best year ever internationally.

This weekend, Disney and Marvel Studios open Doctor Strange in North America and additional overseas markets, including China. Starring Benedict Cumberbatch in the titlerole, Doctor Strange has already grossed $110.1-M overseas since opening a week ago in select markets.

On November 23, Disney Animation’s Moana rolls out in theaters, followed by Lucasfilms’ Rogue One: A Star Wars Story on December 16.

Symbol Last Trade Date Change Open High Low Volume
NYSE:DIS 91.91  2 November 2016 -0.48 91.91 92.56 91.69 6,671,200
HeffX-LTN Analysis for DIS: Overall Short Intermediate Long
Bearish (-0.33) Neutral (-0.10) Bearish (-0.33) Very Bearish (-0.54)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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