Disney Gets Rare 2023 Win With 'Elemental,' Top 10 Grossing And Record On Disney+
Portfolio Pulse from Chris Katje
Disney's film 'Elemental' has performed well both in cinemas and on its Disney+ streaming platform, despite the company's overall struggle at the box office in 2023. The film grossed $154.3 million domestically and $486.7 million worldwide, and amassed 26.4 million views in its first five days on Disney+. This success comes after Disney announced a $1.99 per month promotion for a basic streaming package with ads. Disney's direct-to-consumer revenue was $5.5 billion in the third quarter, up 9% year-over-year.
September 19, 2023 | 3:04 pm
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POSITIVE IMPACT
Disney's 'Elemental' has performed well, potentially boosting investor confidence despite the company's overall struggle at the box office. The success of the film and the rise in direct-to-consumer revenue could positively impact Disney's stock.
The success of 'Elemental' both in cinemas and on Disney+ could boost investor confidence in Disney's ability to generate revenue from its films and streaming platform. The rise in direct-to-consumer revenue also indicates growth in this segment, which could positively impact the company's stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100