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Expand chart
Data: Investing.com; Chart: Axios Visuals

Disney's 2019 movie run has broken the all-time annual global box office record just 7 months into the year. And with more big-budget blockbusters still to come this year, and already in possession of more than a third of the world's total box office receipts, the company seems unstoppable.

What's happening: Disney's acquisitions of LucasFilm and Marvel have delivered huge wins for the company, but it's been the ability to produce live-action remakes from its own catalogue that has set the table over the last decade.

  • "The Lion King" is the latest Disney release to become the No. 1 film in the world, and it held onto the crown this weekend, having generated nearly $1 billion worldwide in just 2 weeks.
  • The company has made $7 billion at the box office from the remakes since the release of "Alice in Wonderland" in March 2010, per CNBC.

What's next: Disney is releasing a sequel to “Maleficent” in October and a live-action version of "Lady and the Tramp" in November. The company has also announced a live-action remake of “Mulan” in 2020.

Of note: Disney broke its own box office record this year, which it set in 2016 when the studio recorded the first ever $3 billion domestic box office haul and brought in a total of $7.61 billion worldwide.

  • Its 36.7% share of total box office receipts so far this year is far and away the highest ever for a studio. The previous record, also held by Disney, was almost 10 percentage points lower, according to data from Nash Information Services.

Go deeper: "Avengers" surpasses "Avatar" as highest-grossing film of all time

Go deeper

Sarah Palin tests positive for COVID, delaying defamation trial

Sarah Palin. Photo: Matthew Staver/Bloomberg via Getty Images

Former Alaska Gov. Sarah Palin (R) tested positive for COVID-19 on Monday, delaying the start of her defamation trial against the New York Times.

Why it matters: The trial will be closely watched, as it's a rare instance of a major media company defending its editorial practices before an American jury.

S&P 500 slides into correction territory

Data: FactSet; Chart: Axios Visuals

Stocks suffered their worst drop of the year, pushing the S&P 500 on track to fall into a "correction."

Driving the news: The benchmark S&P 500 dropped for its fifth straight day, with losses nearing 3% in early trading.

Updated 2 hours ago - Politics & Policy

Omicron dashboard

Illustration: Aïda Amer/Axios

  1. Health: Fauci: "Confident" Omicron cases will peak in February — FDA OKs antiviral drug remdesivir for non-hospitalized patients — Walensky: CDC language "pivoting" on "fully vaccinated."
  2. Vaccines: The shifting definition of fully vaccinated — Annual vaccine preferable to boosters, says Pfizer CEO — Team USA 100% vaccinated ahead of Beijing Olympics.
  3. Politics: Virginia school boards sue Gov. Youngkin for lifting mask mandate — Gonzaga University revokes NBA great John Stockton's tickets over mask stance — Arizona governor sues Biden administration over funds tied to mandates.
  4. World: Beijing Olympic Committee lowers testing threshold ahead of Games — Beijing officials urge "emergency mode" before Winter Olympics — Austria approves vaccine mandate for adults.
  5. Variant tracker