Star Wars: New Movie Expected To Set Box Office Record, Disney Stock Jumps $2B
Over the years, the Star Wars franchise has unquestionably raked in a great deal of success. The previous Star Wars films have successfully secured their titles as box office hits, so many are wondering if the latest installment of the movie franchise is going to fare as well as its predecessors. Will Star Wars: Episode VII – The Force Awakens be another box office wonder? Many analysts seem to think so.
Last Tuesday, several reports claim that the new Star Wars film is going to sweep in a global revenue of $500 million during its opening weekend. With this number, it overthrows Harry Potter and Deathly Hallows – Part 2 which currently holds the record at $483 million.
According to box office analyst Phil Contrino, The Force Awakens is a movie with great box office potential. He said, “If it pleases the fans of the old movies and also appeals to kids, watch out.”
See many new #EpisodeVII stills in high res and @imax format here! http://t.co/uwM6uReywu pic.twitter.com/FNRwzEo5L3
— Stitch Kingdom (@stitchkingdom) April 16, 2015
The box office expert also added, “Force Awakens will hit $1 billion without blinking. If it’s really good, it could cross $2 billion.” Contrino also said the new Star Wars film is “in the same spot as Avatar” which gained a massive box office success by raking in a global revenue of $2.8 billion. Furthermore, Contrino’s predictions are strongly supported by reports from Amboee Brand Intelligence. They claim that the second trailer of the new Star Wars installment which was released on April 16, has gained more attention than Furious 7, which grossed $1.15 billion during its first 19 days. Based on their analysis, Amboee is forecasting that The Force Awakens will make $533.2 million to $539.5 million on its global debut.
If I were Bob Iger I’d just replace my office with a mockup of the Falcon pic.twitter.com/0sGYDYIbVt — Alex Fitzpatrick (@AlexJamesFitz) April 17, 2015
The numbers and excitement are on the rise and so is Disney’s stock. Recently, Disney’s Chief Excecutive Officer Bob Iger reported that The Force Awakens trailer gave Disney’s stocks a massive boost of $2 billion. This stock boost means that the company made a good investment when they bought the Star Wars franchise from LucasFilms for $4 billion back in October 2012. Iger shared that they are “fairly confident” that the purchase was a good deal for Disney.
#Disney CEO Bob Iger in #Times 100 Most Influential. How do you rate him?: http://t.co/gAJmUvvzyV pic.twitter.com/q8d213MUbs
— The Disney Blog (@TheDisneyBlog) April 22, 2015
At the present, animated film Frozen holds the title of being Disney’s biggest hit by earning $93.3 million during its Thanksgiving weekend debut. However, Iger seems to think that the new Star Wars movie will most likely be the most valuable property of Disney when it is released on December 18.
[Image via YouTube.]
