At least three Disney theatrical releases could top the billion-dollar benchmark at the global box office this year.
Disney's post-pandemic box office has been riddled with starts and stops, but midway through 2024 the studio appears to have hit a groove.
Still to come this year is "Moana 2," the hotly anticipated sequel to 2016's "Moana," which was the most streamed movie of 2023.Hugh Jackman, Robert Iger, and Ryan Reynolds at the Marvel Studios' "Deadpool & Wolverine" World Premiere held at David H. Koch Theater on July 22, 2024 in New York, New York.of all time, topping $1.5 billion at the global box office.
A wild card for the studio is December's "Mufasa: The Lion King," a prequel to 2019's "The Lion King." While its predecessor generated $1.6 billion at the global box office, more than $1.1 billion of which came from international audiences, it's unclear what appetite moviegoers have for this photorealistically animated sequel.
Disney's recent box office rut came at a time when its theme parks were growing rapidly and generating enough revenue to balance out other pieces of the business that were less successful or still in the process of becoming profitable, like streaming platform Disney+.Having its theatrical business return to form is key for Disney because of how it can fuel other areas of the business.Disney churns out more billion-dollar hits than anyone in the business.
Audiences and critics bemoaned Disney's push for quantity, which sacrificed quality in major franchises. The company was also criticized for allowing some of its content to become too focused on social messages.
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