Dory with her childhood best friend, Destiny the whale shark.
Image source: Disney Pixar.
Barely a week after
's(NYSE: DIS) studios earned the honor of being the fastest in
history to earn $5 billion at the worldwide box office,
set the all-time record for U.S. grosses for an animated
Less than five weeks into its release,
came into Monday having earned $445.5 million at the U.S. box
office. That tops
, which moves to second at $441.2 million in U.S. earnings.
The Lion King
ranks third on the all-time list, with $422.8 million in domestic
As impressive as
's performance has been, it's no outlier.
Disney brands have been winning at the box office
. According to Box Office Mojo, films distributed by the House of
Mouse have accounted for 31.3% of domestic receipts through July
17. And that's just for 10 films. Second-ranked
Twenty-First Century Fox
(NASDAQ: FOXA) has distributed 14 movies, accounting for 16.5% of
receipts, while third-place
(NYSE: TWX) has distributed 22 movies, accounting for an even 14%
of the U.S. box office.
Does it matter?
Investors should think more of this. Instead,
is down about 4.6% year to date. The benchmark S&P 500 index
is up more than 6% over the same period, which seems grossly
Consider recent history. Last year, operating profit for
Disney's Studio Entertainment business zoomed 45.1% on a 40.9%
jump in domestic box-office receipts. As of this writing, Box
Office Mojo has
Disney tracking 63.5% ahead of its 2015 total
With Marvel's latest,
, due in November and
Rogue One: A Star Wars Story
due just a month later, it's reasonable to think the Mouse can
keep up with history and grow its 2016 Studio Entertainment
operating income by 60% or more -- just the sort of news that
should be pushing Disney stock higher than it trades for
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