Disney is having a record run at the box office this year, surpassing $8 billion in global ticket sales thanks to an astounding run of blockbuster releases across its Marvel and core Disney brands. That said, the company is gearing up to expand that success well beyond the theater, and with that comes big spending. In its fiscal third quarter earning results for 2019, the company posted revenue of $20.25 billion, coming in under Wall Street estimates of $21 billion.
“I’d like to congratulate The Walt Disney Studios for reaching $8 billion at the global box office so far this year — a new industry record — thanks to the stellar performance of our Marvel, Pixar and Disney films,” CEO Bob Iger said in the company’s earnings report release…
Disney has made billion at the box office this year, but its ambitions are costing it a fortune
Source: New feed
