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Walt Disney Studios made $7 billion in international box office ticket sales in 2018, becoming the only film studio to hit the $7 billion milestone twice. The film giant first made history in 2016 when it earned a combined total of $7.6 billion from both domestic and international box office sales.
Last year, Disney again dominated the global box office with four of the world’s top eight movies coming from its studio. Its superhero films Avengers: Infinity War and Black Panther got first and second place, respectively. The former grossed over $2 billion, while the latter earned nearly $1.35 billion.
Disney had a lucrative year in 2018, but higher revenue is forecasted due to the company’s projected blockbusters in 2019.
The film studio’s reputation for producing high-grossing live-action and animated movies have people anticipating the success of its future releases. Many predict that the sequel to Avengers: Infinity War will top the 2019 box office. Other possible blockbusters include Frozen 2, Toy Story 4, and the live-action version of The Lion King.
The studio owes its record-breaking achievements to its strategy of buying film production companies and franchises or series. Five to 10 years ago, Disney spent over $15 billion to acquire studios and franchises, like Pixar and Marvel.
While some critics said that Disney overpaid the deal, the company managed to maximize it. The deal brought in characters and films that could easily be expanded to other profitable things, such as toys, theme parks, and movie sequels.