Disney is expected to have a seventh movie pass the $1 billion mark - all in a single year. Industry experts noted that the company accounted for almost 40 percent of the total American film market in 2019 and going strong.
According to CNBC, rival company Warner Bros. only accounted 13.8 percent of the country's overall film earnings. Disney's momentous 2019 was bolstered by its acquisition of 20th Century Fox earlier this year.
For this year, Disney-produced films hauled in over $3.72 billion in the United States. The numbers exceeded last year's total earnings of $3.09, especially considering that there are still two days left for the latest "Star Wars" movie to bring home the gold.
This year's box office earnings are also the highest posted by any studio established in the country, marking another achievement for the film and series group.
11 years ago, Disney wasn't even close to dominating the film market. However, the past decade has been a blast, industry analysts pointed out. Acquiring Lucasfilm and Marvel helped up the ante in terms of popularity.
2019 was one of the most notable years in Disney's run as a company. The latest data revealed that seven of its 10 films released under the sole banner made it to the top eight highest-grossing films for this year, including "Avengers: End Game," and the rebooted classic "The Lion King."
2020 is expected to be another hit year of earnings for the global filmmaker. It will release the live-action version of "Mulan" and will also dish out the much-anticipated superheroine film "Black Widow."
In November, Walt Disney made a significant jump in shares, jumping 16.7 percent, according to data from the S&P Global Market Intelligence group.
For the fourth quarter, sales expanded 34 percent year-on-year, allowing the company to haul in $19.1 billion. Furthermore, the film giant went on to launch its new video-streaming service, Disney+, which is now being pitted against powerhouse Netflix.
Disney+ is expected to keep walking towards success, especially with its streaming offers that stand out against Netflix and other streaming platforms. Analysts noted that the stock is still a strong buy even without the notable jump in shares last month.
As of mid-December, the stock is up 35 percent, with analysts calling investors to buy. Among the experts who heaped praises on the company's run this year was investment manager Michael Cuggino.
According to CNN, Cuggino owns Disney stocks in both the Permanent Portfolio Aggressive growth and Permanent Portfolio mutual funds. He said the "diversified entertainment" offered makes it a notable "core holding."
It remains to be seen whether the entertainment giant will continue its earnings and shares rally through 2020.