Aladdin is going to have to find a bigger cave of wonders.
Disney has once again made box office history, earning a whopping $7 billion USD ($9.7 billion AUD) in global box office revenue in 2018. It’s only the second time in history a film studio has earned $7 billion USD in ticket sales – the first was also Disney, when it raked in $7.6 billion in 2016 off the back of Rogue One: A Star Wars Story, Moana and Finding Dory.
Disney owes this year’s eye-watering revenue to the success of Avengers: Infinity War and Black Panther, both from Marvel Studios. Infinity War earned $2 billion USD ($2.78 billion AUD) worldwide and was the highest-grossing film this year.
Black Panther came in second, snapping up $1.35 billion USD ($1.88 billion AUD) worldwide. However, it was the year’s highest-grossing film within North America – selling $700 million USD ($973 million AUD) worth of tickets in the United States and Canada alone
Pixar’s long-awaited Incredibles sequel also helped Disney’s coffers, becoming the second highest-grossing animated film of all time with $1.24 billion USD ($1.72 billion AUD) in ticket sales.
Other films released by Disney this year included Ant-Man and The Wasp, Solo: A Star Wars Story, Christopher Robin and Ralph Breaks the Internet.
But if you thought Disney was going to rest easy now, think again. In fact, the year hasn’t even finished for the film studio – they’re still due to release Mary Poppins Returns on December 19.
The highly-anticipated sequel to the 20th century classic is expected to bring Disney close to – or beyond – the $3 billion USD ($4.17 billion) domestic record they themselves set in 2016.
Next year is also expected to keep Disney’s accountants on their toes, with a Lion King remake on the cards, starring the likes of Beyonce Knowles-Carter and Donald Glover.
Other big-name titles slated for a 2019 release include Toy Story 4, a sequel to Frozen and remakes of animated classics Dumbo and Aladdin.
Broede Carmody is an entertainment reporter for The Age and The Sydney Morning Herald