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Disney's Movies Set New Records in 2016, Touch $7B Mark
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The year 2016 is turning out to be yet another golden year for media behemoth, The Walt Disney Company’s (DIS - Free Report) movies businesses. Stellar box office performance of the company’s latest release Rogue One: A Star Wars Story pushed it to clock a new Hollywood record. Disney’s Studios touched $7 billion mark at the global box office in 2016 and surpassed its last year’s collection of $6.89 billion.
The notable movie releases in 2016 were Captain America: Civil War, Finding Dory and Zootopia, all of which surpassed $1 billion at the box office. Further, Jungle Book saw excellent business with a worldwide collection of $966 million. Star Wars: The Force Awakens, which was released in Dec 2015, shattered box office records with a massive collection of $2.1 billion worldwide which gave a boost to the company’s box office collections in 2016.
As of Dec 18, the company’s U.S. box office collections stood at nearly $2.7 billion, surpassing the 2015 figure of $2.45 billion. In 2015, it came up with blockbuster hitslike Avengers: Age of Ultron, Marvel's Ant-Man, Inside Out, Cinderella and Star Wars: The Force Awakens.
We believe that the studio will continue with its success story beyond “Star Wars” and Zootopia as it boasts of an impressive lineup of big budget movies up to 2017. Further, Disney has outlined the release dates for its upcoming movies. Cars 3 will be released on Jun 16, 2017 while the release of Toy Story 4 has been delayed and is now anticipated to release on Jun 21, 2019. Captain Marvel – previously scheduled to release on Nov 2, 2018 – will hit theaters on Mar 8, 2019.
Despite the fabulous run of its movies, the company’s shares have inched up only 0.4% so far this year, compared with the Zacks categorized Media Conglomerates industry’s gain of 10%. Waning subscriber count at ESPN poses a concern.
On the contrary, shares of Comcast Corporation (CMCSA - Free Report) and Time Warner Inc. have surged 25.8% and 48%, respectively, year to date.
Zacks Rank & Stock to Consider
Disney currently carriesa Zacks Rank #3 (Hold). A better-ranked stock worth considering in the sector includes The Liberty Media Group , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Liberty Media Group have gained more than 70% in the past six months.
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Disney's Movies Set New Records in 2016, Touch $7B Mark
The year 2016 is turning out to be yet another golden year for media behemoth, The Walt Disney Company’s (DIS - Free Report) movies businesses. Stellar box office performance of the company’s latest release Rogue One: A Star Wars Story pushed it to clock a new Hollywood record. Disney’s Studios touched $7 billion mark at the global box office in 2016 and surpassed its last year’s collection of $6.89 billion.
The notable movie releases in 2016 were Captain America: Civil War, Finding Dory and Zootopia, all of which surpassed $1 billion at the box office. Further, Jungle Book saw excellent business with a worldwide collection of $966 million. Star Wars: The Force Awakens, which was released in Dec 2015, shattered box office records with a massive collection of $2.1 billion worldwide which gave a boost to the company’s box office collections in 2016.
As of Dec 18, the company’s U.S. box office collections stood at nearly $2.7 billion, surpassing the 2015 figure of $2.45 billion. In 2015, it came up with blockbuster hitslike Avengers: Age of Ultron, Marvel's Ant-Man, Inside Out, Cinderella and Star Wars: The Force Awakens.
We believe that the studio will continue with its success story beyond “Star Wars” and Zootopia as it boasts of an impressive lineup of big budget movies up to 2017. Further, Disney has outlined the release dates for its upcoming movies. Cars 3 will be released on Jun 16, 2017 while the release of Toy Story 4 has been delayed and is now anticipated to release on Jun 21, 2019. Captain Marvel – previously scheduled to release on Nov 2, 2018 – will hit theaters on Mar 8, 2019.
Despite the fabulous run of its movies, the company’s shares have inched up only 0.4% so far this year, compared with the Zacks categorized Media Conglomerates industry’s gain of 10%. Waning subscriber count at ESPN poses a concern.
On the contrary, shares of Comcast Corporation (CMCSA - Free Report) and Time Warner Inc. have surged 25.8% and 48%, respectively, year to date.
Zacks Rank & Stock to Consider
Disney currently carriesa Zacks Rank #3 (Hold). A better-ranked stock worth considering in the sector includes The Liberty Media Group , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Liberty Media Group have gained more than 70% in the past six months.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>