Disney rides pair of box office hits into D23 fan convention

By Dawn Chmielewski and Lisa Richwine

ANAHEIM, California (Reuters) – Walt Disney (NYSE:), which reclaimed the top of the summer box office with Pixar animation’s “Inside Out 2” and Marvel’s raunchy “Deadpool & Wolverine,” is set to announce details of coming films at its D23 fan convention on Friday.

The company touted the strength of its movies during an investor call this week, marking a return to form after losing its place as the highest-grossing Hollywood studio in 2023.

“It’s never too late to have that big Hollywood comeback,” said Paul Dergarabedian, senior media analyst for Comscore. “And they’ve certainly had that.”

“Inside Out 2” is the highest grossing animated film of all time, with a global box office tally of $1.6 billion, surpassing the record set by Disney’s “Frozen II.” A month later, “Deadpool & Wolverine” had the best domestic opening for an R-rated film and has brought in more than $850 million in global ticket sales.

“There is of course variability in the film business,” wrote Deutsche Bank analyst Bryan Kraft in a note to investors. “But if Disney has found its box office magic once again, additional growth may be ahead, as a strong theatrical slate continues.”

Disney CEO Bob Iger extolled the film studio’s theatrical lineup over the next two years, which includes the animated sequel “Moana 2,” a live-action version of “Disney’s Snow White,” a rebooting of the Marvel superhero franchise “The Fantastic Four: First Steps” and James Cameron’s third “Avatar” movie.

“When you think about not only the potential of those in the box office, but the potential of those to drive global streaming value, there’s a reason to be bullish about where we’re headed,” Iger said on the investor call.

The release of “Inside Out 2” helped generate more than 100 million views of the original film on Disney+, the company said.

Investors and fans are hoping for more details on Friday about future plans for the Marvel superhero studio. The company had to choose a new villain for future films after actor Jonathan Majors was convicted of assaulting and harassing a former girlfriend. It also was forced to delay some titles because of strikes by Hollywood writers and actors last year.

At last month’s Comic-Con pop culture convention, Disney revealed that “Iron Man” actor Robert Downey Jr. will play the “Fantastic Four” villain, Doctor Doom.