Disney Rules Box Office in 2017

In 2017, eight of the top 20 movies of the year were owned by The Walt Disney Company.

Star Wars: The Last Jedi

$572,691,546.00

Beauty and the Beast

$504,014,165.00

Guardians of the Galaxy Vol. 2

$389,813,101.00

Spider-Man Homecoming

$334,201,140.00

Thor: Ragnarok

$312,459,726.00

Coco

$191,925,612.00

Pirates of the Caribbean: Dead Men Tell No Tales 

$172,558,876.00

Total

$2,477,664,166.00

The second place at the Box Office was earned by Warner Bros. but they produced 31 films as compared to Disney’s eight movies in the top slots. The Walt Disney Company has obviously become the New England Patriots of the movie industry.

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Star Wars Has Broken Even For Disney

In 2012, The Walt Disney Company purchased LucasArts, and the rights to Star Wars, for $4.06 Billion. After releasing 3 Star Wars movies (Star Wars: The Force Awakens, Rogue One: A Star Wars Story, and Star Wars: The Last Jedi) since the purchase, The Walt Disney Company has turned a profit.

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DISNEY AGREES TO BUY KEY ASSETS FROM FOX FOR $52 BILLION

It’s official! Both Disney and 21st Century Fox made announcements today about the planned sale of key assets from Fox for $52.4 billion in stock (subject to adjustment). This is an absolute game changer in Hollywood if the companies can get past Antitrust. Antitrust laws come into play because of the corporate merger and its impact on the competitive environment of the Entertainment industry.

21st Century Fox will spin off Fox Broadcasting network and stations, Fox Business, Fox News, FS1, FS2, and the Big Ten Network to its shareholders.

The Walt Disney Company will gain the following:

21st Century Fox’s film and television studios, cable networks (FX and National Geographic), and international TV business.
Entertainment properties including X-Men, Fantastic Four, Avatar, Alien, The Simsons
Controlling stake in Hulu
Robert A. Iger to stay on as Chairman and CEO of The Walt Disney Company through 2021.
The acquisition of these assets will allow Disney to provide a better experience through Disney’s streaming service planned to be released in 2019.