Disney makes record at box office

The release of Frozen II has helped Disney cross the 10 billion dollar mark, making it the first studio in history to do so. Frozen II is also set to hit the 1 billion dollar mark by next weekend, despite the mixed reviews. The film currently stands at 919.7 million dollars.

Even without the release of Star Wars: The Rise Of Skywalker, which is scheduled to appear later this December, Disney is flying high. But it isn’t Frozen II alone that has helped the studio hit the historic mark. The massive numbers come from Avengers: Endgame ($2.798B), Captain Marvel ($1.130B), – since Marvel is owned by Disney - The Lion King ($1.656B), Toy Story 4 ($1.074B) and Aladdin ($1.051B).

While Marvel will continue with its fourth chapter, which includes actors like Angelina Jolie and Kit Harrington, the studio giant has also launched its streaming service, Disney+.

According to Deadline: “Disney+’s upcoming original movie Togo is being released Dec. 20. Its writer, Tom Flynn, was nominated in the Original Longform category alongside writers for HBO’s Chernobyl and True Detective and AMC’s The Terror: Infamy.”

Deadline noted further: “Walt Disney Pictures’ Togo is based on the true story of the 1925 serum run to Nome, in which dog-sled teams relayed to transport diphtheria antitoxin serum through harsh conditions over nearly 700 miles to save the Alaskan town of Nome from an epidemic. The film is directed by Ericson Core and stars Willem Dafoe.”

According to further research, Disney’s stock has also hit record high as Disney+ downloads stands at 15.5 million dollars. Furthermore, it generated 5 million dollars through in-apps purchases.

Noted one report: “It appears in the early going that Netflix, Amazon Prime Video and HBO are unaffected by Disney+,” the Apptopia report said. “Looking at U.S. data for these apps (Disney+ is not globally launched yet), we see download and user session trends uninterrupted from their trend lines.”

Since then, Disney+ has launched in Australia and New Zealand with plans to launch in the UK and Western Europe at the end of March 2020.

As for security breaches that emerged a week after Disney+ launched, Kevin Mayer from the company noted, “We were very surprised by the size and the magnitude.”

The head of Disney’s Direct to Consumer and International division admitted the reaction inside the Bob Iger’s reaction - the media giant - to the initial subscriber numbers of 10 million in the first few hours. It was “a lot larger than we thought,” added the executive, known as the potential heir to Bob Iger.

– With information from Deadline