Evan Agostini / AP

Disney's live-action remake of its' 1991 classic Beauty and the Beast opened with a record-shattering $170 million at the box office from Thursday night through Sunday in North America, the highest March opening ever and the highest of all time for a PG-rated film. The movie now ranks seventh in all-time highest box office opens, beating out every Batman, Twilight and Harry Potter series debut.

Why it matters:

  • Confidence for future franchise films: In 2016, Disney shattered studio revenue records, making over $7 billion gross, largely from franchise films like Finding Dory, Rogue One: A Star Wars Story, and Captain America: Civil War. While investors thought it would be difficult for Disney to match that growth, the early success of Beauty and the Beast should bolster investor confidence as Disney pours resources into upcoming franchise movies like Dumbo, The Lion King, Aladdin, and Mulan in 2017.
  • Studio revenue could make up for ESPN decline: Disney once relied on its flagship cable channel to spike revenues for the company, which includes a studio business, theme parks business, cable news business and merchandising business. Now, as ESPN continues to face steep subscription revenue declines, the pressure to resurrect Disney's studio business through franchise films has grown significantly.

For investors: Disney's shares have grown more than 20% over the past six months, as the success of its studio business has overshadowed ESPN's revenue declines. Disney's stock jumped 1.05% between Friday's close of business and Monday's opening bell.

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Updated 8 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2 p.m. ET: 32,647,382 — Total deaths: 990,473 — Total recoveries: 22,527,593Map.
  2. U.S.: Total confirmed cases as of 2 p.m. ET: 7,053,171 — Total deaths: 204,093 — Total recoveries: 2,727,335 — Total tests: 99,488,275Map.
  3. States: U.S. reports over 55,000 new coronavirus cases.
  4. Health: The long-term pain of the mental health pandemicFewer than 10% of Americans have coronavirus antibodies.
  5. Business: Millions start new businesses in time of coronavirus.
  6. Education: Summer college enrollment offers a glimpse of COVID-19's effect.

America on edge as unrest rises

Louisville on Wednesday. Photo: Jon Cherry/Getty Images

Rarely have national security officials, governors, tech CEOs and activists agreed as broadly and fervently as they do about the possibility of historic civil unrest in America.

Why it matters: The ingredients are clear for all to see — epic fights over racism, abortion, elections, the virus and policing, stirred by misinformation and calls to action on social media, at a time of stress over the pandemic.

Bryan Walsh, author of Future
3 hours ago - Health

The long-term pain of the mental health pandemic

Illustration: Sarah Grillo/Axios

A less visible but still massive trauma caused by the coronavirus is becoming clear: our mental health is suffering with potentially long-lasting consequences.

Why it matters: Mental health disorders that range from schizophrenia to depression and anxiety exert a severe cost on personal health and the economy. Addressing that challenge may require out-of-the-box solutions.