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Disney has managed to register another billion-dollar movie in revenue collection with the Frozen 2 launch. Disney stock is currently trading at its peak.
The U.S-based mass media and entertainment conglomerate Walt Disney is now enjoying the success of its latest animation movie Frozen 2. According to media reports, Frozen 2, which started to set records just after the release, has crossed a whopping $1 billion in global box office collection.
This is also the third movie from Disney Animation (and sixth from the overall Disney group) this year which has crossed a billion-dollar mark. The other five movies that have achieved this milestone include Aladdin, Captain Marvel, Avengers: End Game, Toy Story 4, and The Lion King. With such strong movies under its production belt, Disney is currently riding on a surging wave.
Paul Dergarabedian, senior media analyst at Comscore said:
″‘Frozen II’ is now Disney’s sixth 2019 release to cross the $1 billion thresholds and with ‘Star Wars’ (which is predestined to join the $1 billion club) just a few days away the studio is going enjoy a very happy and fruitful holiday season at the box office,”
If we take a look at the earnings breakdown, Frozen 2 has a $368 million collection in the U.S. itself. On the other hand, Asian countries like China, South Korea, and Japan are leading their way in revenue collection.
Disney Stock Trading at All-Time High
With a such a magic collection of movies coming out the Disney hat this year, analysts are confident of its stock performance ahead. Currently, the Walt Disney Co. is trading at its all-time high. Moreover, if we look at its year-to-date performance, the Disney stock has surged by nearly 50%.
Currently, the stock has been consolidating around $147 levels. Moreover, as per The Motley Fool, Walt Disney has registered $70 billion in revenue across all its businesses. This includes theme parks, merchandise, TV networks, etc.
Besides, let us take a glimpse into Disney’s journey so far. Disney issued its first shares to investors in March 1940 through OTC counters at $5 per share. Suppose, one had purchased 1000 shares that time, with several splits over the years, he/she would have 768,000 shares, as on date.
It means that a $5000 investment that time could have fetched a return of $112.5 million at the current market price. Also, the investor earns $0.88 dividend per share amounting to $1.35 million for 768,000 shares.
Disney is all set to enter the online streaming war pitching battle against giants like Apple, Netflix, and Amazon. With the company having a rich collection of movies under its belt, the Disney+ platform is gaining massive subscriptions. This will give a further push to the company revenue.
Thus, analysts think that Disney investors will get a handsome return going ahead.