Disney hit this new milestone amid a record-breaking year that will also include the launch of Disney+ — a new streaming service that, at $6.99 a month, will likely be the most formidable competitor to Netflix.
On top of that, Disney has sucked up most of 21st Century Fox’s assets, giving them even more programs and intellectual property to bolster Disney+. A box office year like this one only cements Disney’s status as the king of content.
Disney has managed to dominate at a time when there is a glut of content on TV, streaming and in theaters and during a year in which the domestic box office is down roughly 6.5% compared to this time last year.
The only other film to make $1 billion globally this year was “Spider-Man: Far From Home,” which is a Sony film that’s co-produced with Disney’s Marvel Studios.
And Disney’s big year is far from over.
The studio has a strong slate of films for the rest of the year including “Maleficent: Mistress of Evil” in October, “Frozen 2” in November and the final chapter of the Skywalker saga, “Star Wars: The Rise of Skywalker” opening in December.
“Toy Story 4,” which stars the vocal work of Tom Hanks and Tim Allen as beloved toy characters Woody and Buzz Lightyear, crossed $1 billion globally on Wednesday.
The last time Disney had this many films make $1 billion worldwide was in 2016 when “Rogue One: A Star Wars Story,” “Finding Dory,” “Captain America: Civil War” and “Zootopia” all accomplished the box office achievement.