Disney fourth installment of the “Toy Story” franchise hit over $1 billion in global box office sales, the company announced this week. The film is Disney’s fifth billion dollar release this year.
“It is almost comical,” Sean O'Connell, the managing director of Cinemablend, said of Disney’s success.
“Toy Story 4” was made by Pixar, a Disney ($DIS) subsidiary, and released domestically on June 20, boasting over $120 million in its debut weekend. To date, the film has grossed over $421 million in the U.S. and nearly $580 million internationally.
Disney’s other films that hit $1 billion in sales this year include “Captain Marvel,” “Aladdin,” “The Lion King” and “Avengers: Endgame.”
In total, Disney has so far had four animated films reach the $1 billion milestone: “Incredibles 2,” “Finding Doy,” and “Toy Story 3,” which was in 2010.
“I want some other studios to step up and put out movies that break through the culture zeitgeist,” O’Connell said. “And it is not happening right now.”
O’Connell added that Disney’s success this year is significant, especially since the studio does not have any expected hits for release in 2020. Yet with four months left in the year, Disney still has a strong lineup coming with the release of “Frozen 2” in November and "Star Wars: The Rise of Skywalker" in December.
Disney's stock has been up roughly 23 percent year-to-date.
The gaming industry has seen multiple large scales deals this month alone, including Microsoft's megadeal for Activision Blizzard. And, seemingly in response, rival Sony, picked up Bungie for $3.6 billion, a studio once owned by both Microsoft and Activision. The sector is reportedly on track to spend $150 billion on mergers and acquisitions just this year alone, a record-breaking total, according to investment firm Drake Star Partners. Michael Metzger, a partner at the firm specializing in technology, media, and communications, joined Cheddar to discuss the flurry of deals in the gaming space and what might be behind the hot M&A activity.
Ari Redbord, head of legal and government affairs and TRM Labs, joins Cheddar News to discuss why Facebook is ditching its crypto project and what that means for the space.
Natalie Fertig, federal cannabis policy reporter at Politico Pro, joins Cheddar News to discuss a new YouGov poll that looks at how Americans feel about marijuana and politics.
A virtual gathering in the online space, Decentraland, of Elvis Presley impersonators is looking to grab the Guinness World Record for most Elvis impersonators in one place after the record-keeping org recently approved the use of avatars as stand-ins for people.
A powerful winter storm hit the Northeast over the weekend leaving 100,000 New Yorkers in the dark as well as snowfall up to 30.9 inches in parts of Massachusetts. The nor'easter hit with blizzard conditions of wind speed and poor visibility.
After classic rocker Neil Young demanded removal of his music from Spotify over vaccine misinformation coming from The Joe Rogan Experience podcast, the platform made the decision to take down Young's songs and continue supporting Rogan with whom they have an exclusive contract. The move touched off a firestorm of controversy, leading to responses from both the streaming service and the podcasting host. Evan Nierman, CEO of Red Banyan Crisis PR, joined Cheddar to break down the latest on the fracas. "I think when [Spotify] initially said, we're not going to be commenting on that, that was a silly move because guess what? They did end up commenting about it, and nine times out of 10, when an organization says they're not going to be issuing a comment, they ultimately do," Nierman noted.
The 1999 cult classic "Fight Club" has been given a very different ending in China — and this time, the authorities win. Cheddar News speaks with Joan Solsman, senior media reporter at CNET who breaks down how China is using films for political messaging.
NFT art platform TRLab recently raised $4.2 million in funding. TRLab launched just last year but says its platform focused on NFT curation and distribution is growing quickly. The company hopes to bridge traditional and digital art worlds and help artists explore NFTs as an emerging medium. TRLab co-founder and chairwoman Xin Li-Cohen and co-founder and CEO Audrey Ou joined Cheddar News' Closing Bell to discuss.