DIS - Is Animation Saving the Multiplex for Investors?
2024-06-25 11:15:00 ET
Something pretty special is happening at your local movie theater, and it's time to talk about it. Walt Disney 's (NYSE: DIS) Inside Out 2 has become the highest-grossing film of the year, and it took just eight days to get there. The sequel to 2015's Inside Out was initially expected to generate $90 million in domestic ticket sales during its opening weekend, in line with its predecessor. It stunned the market by collecting $154 million in box office receipts.
Fervor for the flick continues. Inside Out 2 tacked on another $100 million in North American admissions this past weekend of screenings, breaking the former record for second weekends by an animated film set just last year by The Super Mario Bros. Movie . For all the handwringing about the death of the multiplex, full-length feature animation has scored its two best second weekends in just the last 15 months.
Oh, and things are about to get even better this year.
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Is Animation Saving the Multiplex for Investors?