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Movies Businesses The Almighty Buck

Disney Becomes First Studio To Surpass $10 Billion At Worldwide Box Office (variety.com) 62

Disney has become the first studio in history to surpass $10 billion at the worldwide box office in a single calendar year. Variety reports: Through Sunday, the studio has generated $3.28 billion in North America and $6.7 billion overseas for a global haul of $9.997 billion and is expected to officially cross the benchmark within the next day. Disney smashed its own global box office milestone -- set in 2016 with $7.6 billion -- back in July after the success of "Avengers: Endgame" and "The Lion King." All the more impressive, the studio hit the new high-water mark even before "Star Wars: The Rise of Skywalker," the final chapter in the Skywalker saga, arrives in theaters Dec. 20. Those ticket sales don't include Fox titles like "Ford v Ferrari" or "Dark Phoenix." When accounting for movies it acquired after inheriting Fox's film empire, that bounty is pushed to $11.9 billion.
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Disney Becomes First Studio To Surpass $10 Billion At Worldwide Box Office

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  • And earned by creatives abused as drones to churn out the same crap ("i.p.") over and over again while being paid only for the work: $10,000,000.

    And stolen, by Disney: $9,989,999,999.99 (To be transformed into cocaine. And steel shoes for Mr. Mouse [youtu.be].)

    Imaginary property is a crime.
    Prison for Disney executives!

  • by beep54 ( 1844432 ) <b54oramaster@@@gmail...com> on Tuesday December 10, 2019 @06:18AM (#59503812)
    sure. But not what I'd call a good sign.
  • by sad_ ( 7868 ) on Tuesday December 10, 2019 @06:49AM (#59503838) Homepage

    this means that their model is working, which could well be the end of interesting/indie/low budget movies at theatres (for a while).
    most of those will probably go to netflix; i mean Noah Baumbach is doing great there, Scorcese (of all people) even had no other choice but to do a netflix release, etc.

    • by geek ( 5680 )

      Maybe, what isnt noted as far as I can tell is the investment made. 10 bil is a lot but how much did they spend to get there? Personally i'm not sold on their model working, no one I know is happy with the current movie situations

      • Personally i'm not sold on their model working, no one I know is happy with the current movie situations

        And yet people keep flocking to the box office. Of all the big productions of the last few years made according to the current model for blockbusters (poorly written crap from established franchises, or lazy remakes / reboots), how many of them have tanked financially? Some purportedly lost money (Hellboy, X-Men, Charlies Angels and others), but I'm rather skeptical of recorded losses in cases where the global take far exceeds the production budget. It seems that - sadly - the model still works.

        • by geek ( 5680 )

          Box office ticket sales are down over 30%, they just raised prices to compensate is all.

    • Is that why Scorcese released The Irishman on Netflix? Most of the articles I've read indicat that it was considered a theater release problem because of its 3.5 hour runtime.
      • There's probably a lot of truth to that. Theaters and studios don't like a movie that they can only show once per evening. Even if it's a really good movie that will sell out, it's financially better to run something with two showings as long as each is half full. The theater has even more incentive since they make more of their money from concessions than they do tickets.
        • So put an intermission in the movie and they will make double from concessions. I don't know why they don't do this with more movies. Also, a lot of theatres are going up upscale with drink service and other services. I imagine they could make quite a bit of money from selling dinner and drinks to people watching a 3.5 hour movie.

          • Intermissions make theaters money, but don't make film studios money.

            They want you to show 5 showings, not 3.

            Even if it's best for everyone.

      • "theater release problem because of its 3.5 hour runtime" Yeah, Titanic (1997) bombed bad at the box office.
        • "theater release problem because of its 3.5 hour runtime" Yeah, Titanic (1997) bombed bad at the box office.

          It's not about bombing, it's about not being able to sell as many tickets because you can only schedule half as many showings. Particularly since theaters have changed to the big stadium seats which only fit half as many people in the theater as they did in 1997.

      • by sad_ ( 7868 )

        it's the same problem, really.
        there were movies made in the past that went over 3 hours playtime, but nobody wants to do that anymore, even if it is from somebody like Scorsese.
        i mean, avengers end-game playtime, or which ever it was in the series, was almost 3 hours, they had no problem with that.

    • by antdude ( 79039 )

      Isn't there a dedicated streaming service for indie and low budget movies?

      • by sad_ ( 7868 )

        that is the whole discussion point, indies are no longer shown in theatres.

    • which could well be the end of interesting/indie/low budget movies at theatres (for a while).

      How do you figure? The machine cranking out generic blockbusters has never had an impact on indie or low budget movies in the past and there's no sign that Disney's record profits have been at all to the detriment of other studios. For the most part their profits are simply due to sheer volume and the fact they own a few studios which used to be separate.

      • by sad_ ( 7868 )

        look into the whole mcu vs 'cinema' debate from a couple of weeks ago for the reason why.

  • Not long ago it was predicted that studio revenue would tank and no investment in acquiring studios or any movie properties would be made because "OMG Pirates!" Hollywood studios obviously can't make any money.
  • by rsilvergun ( 571051 ) on Tuesday December 10, 2019 @10:01AM (#59504328)
    so it's not surprising.
    • This is pretty much the reason. If you hoover up pretty much any and all franchises that even remotely make money, it's a given that your revenue will soar.

      What I'd rather want to know is their profit.

      • by Anonymous Coward

        Easy, they didn't make a profit. In fact, they lost gob of money on these films.

    • They must've bought the pirates too. Still "We are at the verge of bankrupcy! AAAA! Pirates!" Failure=about to go bankrupt. Massive success=about to go bankrupt.
  • I mean, if it's got Ryan Reynolds in it, it's going to be good.

    Like Green Lantern in an RPG good.

    (seriously though, I am so down to watch it)

    It's from Disney, so that tells you all you need to know.

    • "It's from Disney, so that tells you all you need to know." Including being watered down and looking like it was directed by Ned Flanders*. (sigh) With Disney buying everything left and right, I am starting to wonder if edgy, gory, and profanity laden mainstream movies will be a thing of the past. "Think of the children" Uber Alles, I guess. :\ *Well Ned did direct that gory "Passion of the Christ" remake in one episode, but of course Disney will go beyond Flander's cinema moral codes.
      • It's rated R.
        For Ridiculous!

        (caveat) "no animated pixels were harmed during the CGI process, they were instead brutally drowned in a vat of couscous"
        (2nd caveat) "as to the actors, well, isn't cloning wonderful?"

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