Disney's (DIS) Captain Marvel Takes Box Office By Storm

The Walt Disney Company Revenue (TTM) | The Walt Disney Company Quote

Can Studio Strength Aid Disney’s Top Line?

Disney’s Studio Entertainment segment’s revenues may get a boost owing to the impressive performance of Captain Marvel and a strong slate of upcoming movies including Avengers 4, Toy Story 4, The Lion King, and Star Wars: Episode IX.

Strength of Disney’s studio is depicted by the fact that it received 17 nominations including the Best Picture nomination at this year's Golden Globes. Marvel's Black Panther alone received seven nominations. Notably, Disney and Twenty-First Century Fox (NASDAQ:FOXA) combined received a total of 37 nominations.

Additionally, success of films like Black Panther, Avengers: Infinity War and Incredibles 2 boosted the company’s 2018 box office results. Disney dominated 2018 box office with global collections of $7.33 billion, a little less than its previous record of $7.61 billion in 2016, per Variety.

Disney’s 2018 domestic box office collections were a record $3.09 billion, surpassing its previous record of $3 billion in 2016. Notably, worldwide box office collections in 2018 were $41.7 billion.

Marvel’s Popularity to Aid Disney+ Service

Disney’s upcoming streaming service, Disney+, is expected to benefit from the popularity of Marvel characters. The company is working on a TV series based on MCU characters including Loki and Scarlet Witch.

Disney+ is expected to disrupt the streaming space owing to its strong content slate, brand name and ability to market the service. Notably, Disney+ is estimated to on-board 160 million subscribers worldwide, per CNBC.

However, the Zacks Rank #3 (Hold) company will face stiff competition from major players like Netflix (NASDAQ:NFLX) and Amazon (NASDAQ:AMZN) , which continue to invest heavily in content and technology.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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