Disney’s film business in fiscal 2Q18
The Walt Disney Company’s (DIS) film business has had an impressive showing with back-to-back blockbuster releases. In fiscal 2Q18, the success of Marvel’s Black Panther drove Disney’s Studio Entertainment segment’s revenues by a whopping 21.0% YoY. Marvel’s Avengers: Infinity War had the biggest opening in history and broke all domestic and international records.
Black Panther made more than $1.3 billion in the box office as of May 8 since its release in late January. Marvel’s Avengers: Infinity War crossed $1.0 billion in just 11 days at the box office, faster than any other film. The movie generated $1.2 billion revenues in the worldwide box office as of May 8, excluding China.
Disney’s 19 movies in the Marvel Cinematic Universe have generated a combined box office of more than $16.0 billion and an average box office of $845.0 million per film.
Disney expects new movies from Marvel, Pixar, and Lucasfilm to drive the company’s home entertainment business in 2019.
As a follow-up to Star Wars: The Last Jedi, the company is releasing Solo: A Star Wars Story before the Memorial Day weekend. Star Wars: Episode IX is expected to be released in December 2019.
Beyond Star Wars, the studio is looking forward to an impressive lineup of big-budget films. Incredibles 2, Ant-Man and The Wasp, Ralph Breaks the Internet, Mary Poppins Returns, Captain Marvel, Dumbo, Avengers 4, Aladdin, Toy Story 4, and Frozen 2 are expected to be released in the next 18 months.
Looking at the box office collection and the movie lineup in 2018 and 2019, Disney anticipates positive response for its launch of the Disney-branded direct-to-consumer service in late 2019.
According to Box Office Mojo, Disney (Buena Vista Pictures) topped the domestic box office with a 33.5% market share. Warner Bros. (TWX), 21th Century Fox (FOXA), Sony/Columbia (SNE), and Universal (CMCSA) had market shares of 11.7%, 9.9%, 9.8%, and 8.8%, respectively, on a year-to-date basis on May 6.