Walt Disney (NYSE:DIS) stock fell 0.41% on March 25. The stock has dropped 4.7% over the past week. Last week, Disney closed its mammoth acquisition of 21st Century Fox (NASDAQ:FOXA), which enhances its already dominant position in providing some of the most popular entertainment content available.
The launch of Disney’s streaming service later this year will demonstrate its wealth of content and is expected to rival Netflix and other platforms.
However, its position in the movie industry remains unchallenged. Disney properties have dominated the box office for the last several years, and the industry is in desperate need of Disney’s mojo in the final three quarters of the calendar year.
The North American box office experienced one of its worst starts in decades in the first two months of 2019. However, the debut of Disney property Captain Marvel has put customers back into seats. It has already passed $910 million worldwide, meaning it is well on its way to becoming the first $1 billion movie released in 2019.
Avengers: Endgame, which is slated for an April 26 release, looks poised to challenge for the top box office all time. The previous installment raked in over $2 billion worldwide, and the hype for the sequel is immense.
And do not underestimate the pull of Aladdin, The Lion King, and Frozen 2. Each of these family-friendly releases are a good bet to pull in over $1 billion worldwide.
In 2018 Disney pulled in $9.98 billion from its Studio Entertainment segment. This represented a 19% increase from the prior year. Investors should expect another terrific showing this year.
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