Jul 29, 2019

Disney smashes box office records with more blockbusters to come

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

Disney finally unveils Disney+, ESPN+, Hulu bundle for $12.99 monthly

Photo: Mike Kemp/Getty Images.

Disney CEO Bob Iger finally announced details for the long-awaited Disney streaming bundle that executives have been teasing for months. The bundle is meant to be an alternative to Hollywood rival Netflix.

Details: For $12.99 monthly, consumers can access Disney+, ESPN+ and the ad-supported version of Hulu. The deal will be available when Disney+ launches on Nov. 12. The combined package will be cheaper than Netflix's premium package, which is $13.99 a month.

Go deeperArrowUpdated Aug 6, 2019

All the global temperature records broken in 2019, so far

Data: NASA GISS; Graphic: Harry Stevens/Axios

The world's top 5 warmest years on record have occurred since 2014 — and it's almost certain that 2019 will be added to this list as well.

Why it matters: Such trends are indicative of long-term global warming due to human activities such as burning fossil fuels for energy and transportation, cutting down forests for agriculture and other purposes. Only 1 of the top 20 warmest years on record since instrument data began in 1880 took place before the year 2000. With greenhouse gas concentrations in the air at their highest level in 3 million years, the odds favor more record-shattering years in the future.

Go deeperArrowUpdated Aug 18, 2019

U.S. budget deficit blows past last year's total with 2 months to go

The U.S. budget deficit has already surpassed last year's total figure, growing to $866.8 billion in just the first 10 months of the fiscal year, according to Treasury Department data reported by Bloomberg.

By the numbers: The deficit is up 27% from the same period last fiscal year, which begins in October. Spending has continued to outpace revenue, with a 3% rise of revenue overshadowed by an 8% jump in spending. President Trump's tariffs have nearly doubled revenue from customs duties to $57 billion, but the modest increase has been dwarfed by increased spending on defense and health care, per CNBC.

Go deeperArrowAug 12, 2019