The Walt Disney Company’s DIS Star Wars: The Force Awakens is flying high at the box office, with its worldwide collection crossing the $1 billion mark. The movie achieved this mark in the first twelve days of release and also became the first movie to reach the $1 billion mark this quickly beating "Jurassic World," which crossed the figure in 13 days.
The movie not only has the best Christmas Day collection with $49.3 million but also had the best second-weekend collection with $153.5 million.
In the opening weekend, the movie shattered box office records with a massive collection of $517 million worldwide. Disney shareholders are naturally enthusiastic about the bright prospects that this release holds. Domestically, Disney earned $238 million in the opening weekend marking the biggest opening in Hollywood’s history, smashing the $208.8 million record set by Jurassic World.
Internationally, the company minted $279 million in the opening weekend. The movie’s overall collections of $517 million came a close second to Jurassic World’s $525 million. Star Wars: The Force Awakens could have surpassed Jurassic World if it could hit the theatres in China simultaneously. The movie is set to release on Jan 9, 2016 in the country. The new flick broke records in Australia, Russia and Britain as well.
The entertainment world has been abuzz ever since Disney announced Star Wars Episode VII: The Force Awakens. Coming a decade after the last release, Star Wars Episode III: Revenge of the Sith, we believe it will be a fitting end to Disney’s spectacular year at the box office.
After the phenomenal opening weekend and second-weekend success, speculations are rife whether the movie can break the box-office record of Avatar (2009), the highest grosser ever with $2.8 billion in worldwide collections. The second Hollywood film to cross the $2 billion milestone was Titanic (1997). We believe that given the kind of success the movie has already tasted, it would hardly be a surprise if it breaks both the records.
Disney carries a Zacks Rank #3 (Hold) and shares space with Twenty-First Century Fox, Inc. FOXA, Time Warner Inc. TWX and Comcast Corporation CMCSA.
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