'Inside Out 2' hits $155 million domestic debut, second-highest animation opening ever
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 16 2024
0mins
Source: CNBC
"Inside Out 2" Box Office Success:
- "Inside Out 2" by Disney and Pixar debuted with $155 million domestically, the second-highest for an animated film.
- Expected to earn $295 million globally over the weekend.
Challenges Faced by Disney and Pixar:
- Struggled at the box office post-pandemic due to direct-to-streaming releases.
- Concerns that content was too existential and socially focused for children.
Impact on Theatrical Industry:
- The industry faced a decline in ticket sales compared to previous years.
- Fewer blockbuster releases affecting overall box office performance.
Upcoming Movie Releases:
- Anticipated movies include "Deadpool and Wolverine," "Beetlejuice Beetlejuice," "Joker: Folie a Deux," among others.
- Expected to boost box office performance towards the end of the year.
Industry Outlook:
- "Inside Out 2" marked a significant win for theaters and Pixar.
- Concerns remain about evolving consumer behavior despite recent successes.
Analyst Views on DIS
Wall Street analysts forecast DIS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DIS is 137.29 USD with a low forecast of 123.00 USD and a high forecast of 152.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
16 Buy
3 Hold
0 Sell
Strong Buy
Current: 113.210
Low
123.00
Averages
137.29
High
152.00
Current: 113.210
Low
123.00
Averages
137.29
High
152.00
About DIS
The Walt Disney Company is a diversified worldwide entertainment company. The Company's segments include Entertainment, Sports and Experiences. The Entertainment segment generally encompasses its non-sports focused global film and episodic content production and distribution activities. The lines of business within the Entertainment segment along with their business activities include Linear Networks, Direct-to-Consumer, and Content Sales/Licensing. The Sports segment encompasses its sports-focused global television and direct-to-consumer (DTC) video streaming content production and distribution activities. The lines of business within the Sports segment include ESPN and Star. The Experiences segment includes Parks and Experiences and Consumer Products. Parks and Experiences consists of Walt Disney World Resort in Florida, Disneyland Resort in California, Disney Cruise Line, and others. Consumer Products includes licensing of its trade names, characters, visual, literary and other IP.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
