Markets

Disney's (DIS) Captain Marvel Takes Box Office by Storm

A list of stock prices rising and declining in value
Credit: Shutterstock photo

Disney 's DISCaptain Marvel lived up to expectations as the movie based on a Marvel character broke a number of records following its release on Mar 8, 2019. Per a CNBC report, the film is the highest grossing domestic movie to date in 2019 with collections of about $153 million.

Captain Marvel has become the third-highest domestic release of all times in the month of March and the seventh highest Marvel Cinematic Universe (MCU) debut film. Additionally, the film is the "second-highest grossing superhero origin film" after Black Panther , which collected $202 million on its debut.

Moreover, Disney's first female-led superhero film is estimated to have collected about $455 million globally. In the international markets, Captain Marvel became the fifth-highest debut of all time and the second-highest superhero film after Avengers: Infinity War.

The Walt Disney Company Revenue (TTM)

The Walt Disney Company Revenue (TTM) | The Walt Disney Company Quote

Can Studio Strength Aid Disney's Top Line?

Disney's Studio Entertainment segment's revenues may get a boost owing to the impressive performance of Captain Marvel and a strong slate of upcoming movies including Avengers 4, Toy Story 4, The Lion King , and Star Wars: Episode IX .

Strength of Disney's studio is depicted by the fact that it received 17 nominations including the Best Picture nomination at this year's Golden Globes. Marvel's Black Panther alone received seven nominations. Notably, Disney and Twenty-First Century Fox FOXA combined received a total of 37 nominations.

Additionally, success of films like Black Panther, Avengers: Infinity War and Incredibles 2 boosted the company's 2018 box office results. Disney dominated 2018 box office with global collections of $7.33 billion, a little less than its previous record of $7.61 billion in 2016, per Variety .

Disney's 2018 domestic box office collections were a record $3.09 billion, surpassing its previous record of $3 billion in 2016. Notably, worldwide box office collections in 2018 were $41.7 billion.

Marvel's Popularity to Aid Disney+ Service

Disney's upcoming streaming service, Disney+, is expected to benefit from the popularity of Marvel characters. The company is working on a TV series based on MCU characters including Loki and Scarlet Witch.

Disney+ is expected to disrupt the streaming space owing to its strong content slate, brand name and ability to market the service. Notably, Disney+ is estimated to on-board 160 million subscribers worldwide, per CNBC .

However, the Zacks Rank #3 (Hold) company will face stiff competition from major players like Netflix NFLX and Amazon AMZN , which continue to invest heavily in content and technology.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Zacks' Top 10 Stocks for 2019

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?

Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.

See Latest Stocks Today >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

The Walt Disney Company (DIS): Free Stock Analysis Report

Amazon.com, Inc. (AMZN): Free Stock Analysis Report

Netflix, Inc. (NFLX): Free Stock Analysis Report

Twenty-First Century Fox, Inc. (FOXA): Free Stock Analysis Report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

AMZN DIS NFLX

Other Topics

Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More