Deadpool & Wolverine Grosses $824M Globally, Disney Hits $3B Milestone: Report
Portfolio Pulse from Anusuya Lahiri
Walt Disney Co (NYSE:DIS) and Marvel Studios' 'Deadpool & Wolverine' grossed $824 million globally after two weekends, contributing to Disney surpassing $3 billion in worldwide ticket sales in 2024. The film has also performed well in premium formats like Imax Corp (NYSE:IMAX). Disney's stock closed lower by 3.74%, while IMAX closed higher by 0.57%.
August 05, 2024 | 11:29 am
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Disney's 'Deadpool & Wolverine' grossed $824 million globally, contributing to Disney surpassing $3 billion in worldwide ticket sales in 2024. Despite this, Disney's stock closed lower by 3.74%.
The strong performance of 'Deadpool & Wolverine' and Disney's milestone of $3 billion in ticket sales are positive indicators for Disney's revenue. However, the stock's recent decline suggests other factors may be influencing investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Imax Corp benefited from the strong performance of 'Deadpool & Wolverine,' contributing $17.5 million in global weekend ticket sales. IMAX's stock closed higher by 0.57%.
The strong performance of 'Deadpool & Wolverine' in premium formats like IMAX is a positive indicator for IMAX's revenue, reflected in the stock's slight increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Investors can gain exposure to Disney through SPDR S&P 500 ETF (NYSE:SPY). Disney's strong box office performance may positively impact SPY.
Disney's strong box office performance is likely to have a positive impact on SPY, given Disney's significant weight in the S&P 500 index.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to Disney through Vanguard S&P 500 ETF (NYSE:VOO). Disney's strong box office performance may positively impact VOO.
Disney's strong box office performance is likely to have a positive impact on VOO, given Disney's significant weight in the S&P 500 index.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50