Hollywood

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

Disney's presentation of Marvel's "Avengers: Endgame" has officially surpassed "Avatar" to become the world's highest-grossing film of all time, several months after the film obliterated opening weekend records.

Why it matters: The feat underscores Disney's position as the king of the box office. Disney has had the top grossing movie every year since 2012 and been the top grossing studio since 2016.

Hollywood also feeling the bite from Trump's China trade war

This image shows a row of  billboards in China showing movie posters with Chinese characters for American movies.
Hollywood billboards in Beijing in 2012. Photo: Olivier Chouchana/Gamma-Rapho via Getty Images

China is restricting Hollywood's access to its box office revenue as the U.S.-China trade war drags on, the Washington Post reports.

Why it matters: The Chinese market is as crucial to U.S. film studios 20th Century Fox, Paramount, Disney, Sony pictures, etc. — as it is to any other U.S. industry. China is projected to have the world's biggest moviegoing audience by 2020, according a PricewaterhouseCoopers study.