2019 has only just entered its second half and entertainment’s biggest conglomerate, Disney, has already given us its fifth blockbuster. Disney’s “The Lion King,” which is a remake of a beloved children’s animated film from the bygone era has hit the theaters and received an amazing response from the audience.
Raking in the moolah
The digital remake of the story of Simba the lion has already grossed $185 million at the domestic box office. At the international stage, it has managed $269 million. The film opened early in China and has a crossed $531 million.
The Lion King is not just the fifth blockbuster of the year but also one of the biggest Disney remakes of all times. “Beauty and the Beast” starring Emma Watson, which was a live-action remake of an older film went on to gross $504 million domestically, and $760 million overseas. The Lion King opened a solid $10 million higher than the 2017 movie.
The company’s properties don’t stop making money at the box office. At the beginning of the year, they dropped Marvel’s first female superhero movie “Captain Marvel” followed by the mega-crossover “Avengers: Endgame.” Then came “Toy Story 4”, “Aladdin” and “Dumbo,” the last two of which were also remakes but didn’t quite have the impact that the new Simba movie has.
Endgame, on the other hand, became the top-grossing movie in the world of all time. The movie has now collected $2.8 billion, leaving behind James Cameroon’s “Avatar.” The movie was re-released with some extra edits when it was just $40 million short of the target, and the audience responded very well to this move.
More box office success awaits
It’s only halfway, and two other movies from the mega-conglomerate are expected to become sure-shot hits at the box this year. In November, we will see the “Frozen 2” the sequel of a hugely successful recent Disney movie. In December, it will release “Star Wars” The Rise of Skywalker” to carry forward the franchise.
As of this weekend, movies by Disney account for a whopping 35% of the box-office market share per Box Office Mojo. The second spot is held by Warner Bros. with 14% market share. The Jon Favreau directed The Lion King may go on to post bigger numbers during this week. Note that a Broadway adaptation of the movie has already collected over $8 billion in ticket sales while the company’s toys featuring Simba and other popular characters are still in stores, even after 20 years since the original’s release. Disney stock is currently down by 1.26%.