Shareholders should contact the firm immediately as there may be limited time to enforce your rights. NEW YORK, Dec. 5, 2025 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of The Walt Disney Company (NYSE: DIS) breached their fiduciary duties to shareholders.If you currently own Walt Disney stock and are a long-term shareholder, you may be able to seek corporate governance reforms, the return of funds back to the company, a court-appro ...

（原标题：Why "Zootopia 2" Wins Big in China丨CBN Perspective） By Stephanie LI丨SFC, 21st Century Business Herald As Marvel superheroes stumble and Disney princesses falter, a rabbit cop and a fox con artist are rewriting the rules of Hollywood success in China in late 2025. The return of the favorite duo Nick and Judy knocked Avengers off its feat, as "Zootopia 2" roars back at the Chinese box office, breaking multiple records nine years after the original franchise charmed global audiences. The Disney sequel ope ...

《疯狂动物城2》的上映，让2025年的电影市场再度热闹了起来。 九年间，超过225万人在豆瓣为它的前作打出了9.3分的高分评价；现在，兔子朱迪和狐狸尼克的故事依然吸引着观众为其买单。灯塔专业版数据显示，上 映10天，这部电影的内地票房已突破23亿元。过来人的心得是如果想在周末去观影，必须提前下手买票，否则不只没有位置好的座位，就连时间合适的场 次也剩不下。一位观众感慨："很久没有见过这么火爆的电影院了。" 同样火爆的还有与之相关的消费领域。据不完全统计，目前已有70余个消费品牌和这一IP进行联名合作，覆盖潮流玩具、服装配饰、乳品饮料、美妆护 肤、家居日用等多个品类。其中，部分潮流玩具品牌推出的联名商品一经上市，迅速售罄。12月3日，前述观众前往家附近名创优品和九木杂物社门店， 打算再入手一些周边，却惊讶地发现"基本上都没有什么货了"。 电影院内外，《疯狂动物城2》的疯狂还在延续。有意思的是，它和年初掀起观影热潮的《哪吒之魔童闹海》（下文简称《哪吒2》）一样，都是没有真人 演员的动画片。放眼整个2025年，动画片的票房总和已接近中国电影市场的半壁江山，这其中虽然存在偶然因素，也离不开时代背景下的必然选择。 具体 ...

《疯狂动物城2》的上映，让2025年的电影市场再度热闹了起来。 九年间，超过225万人在豆瓣为它的前作打出了9.3分的高分评价；现在，兔子朱迪和狐狸尼克的故事依然吸引着观众为其买单。灯塔专业版数据显示，上 映10天，这部电影的内地票房已突破23亿元。过来人的心得是如果想在周末去观影，必须提前下手买票，否则不只没有位置好的座位，就连时间合适的场 次也剩不下。一位观众感慨："很久没有见过这么火爆的电影院了。" 同样火爆的还有与之相关的消费领域。据不完全统计，目前已有70余个消费品牌和这一IP进行联名合作，覆盖潮流玩具、服装配饰、乳品饮料、美妆护 肤、家居日用等多个品类。其中，部分潮流玩具品牌推出的联名商品一经上市，迅速售罄。12月3日，前述观众前往家附近名创优品和九木杂物社门店， 打算再入手一些周边，却惊讶地发现"基本上都没有什么货了"。 电影院内外，《疯狂动物城2》的疯狂还在延续。有意思的是，它和年初掀起观影热潮的《哪吒之魔童闹海》（下文简称《哪吒2》）一样，都是没有真人 演员的动画片。放眼整个2025年，动画片的票房总和已接近中国电影市场的半壁江山，这其中虽然存在偶然因素，也离不开时代背景下的必然选择。 具体 ...

Core Insights - The release of "Zootopia 2" has ignited a surge in consumer spending, with the film achieving a box office of 2.304 billion yuan, making it the highest-grossing imported animated film in Chinese history [2][4] - The film's success has led to increased demand for 4D screenings, with tickets being resold at a premium, reflecting a 47% markup on original prices [8][10] - The extensive collaboration with over 70 brands, including major companies like VIVO and Pepsi, marks one of the largest cross-industry partnerships for an IP in recent years [2][12] Box Office Performance - "Zootopia 2" grossed 146 million yuan during its opening weekend, breaking multiple records for IMAX screenings and imported animated films in China [4][10] - The film's 4D screenings have been particularly popular, with many sessions sold out and ticket prices reaching nearly 100 yuan [8][10] Consumer Engagement and Marketing - The film's content resonates with Chinese audiences, featuring relatable themes and high-quality production, which has been bolstered by extensive pre-release marketing efforts [8][10] - Disney's marketing strategy included collaborations with local animation studios to create promotional content, enhancing audience engagement [10][12] Merchandise and Cross-Industry Collaborations - The demand for merchandise related to "Zootopia 2" has skyrocketed, with items like the carrot recording pen selling out within minutes [12][21] - Collaborations with brands such as Luckin Coffee and Miniso have resulted in significant sales, with some products already sold out shortly after launch [21][22] Investment and Strategic Partnerships - The success of "Zootopia 2" has led to strategic investments, such as Wanda Film's acquisition of a stake in 52TOYS, indicating a focus on IP derivative product development [22] - IMAX Corporation and Wanda Film have signed a memorandum to deepen collaboration in brand development and IP derivative business, aiming to create a more diversified cinema ecosystem [22][23] Trends in IP Economy - The increasing prevalence of IP collaborations reflects a growing consumer demand for brand and cultural recognition, suggesting a robust future for the IP economy [23][24] - The trend of interest-based consumption among younger generations indicates a willingness to spend on IP-related products, enhancing the market's growth potential [24][25]

《疯狂动物城2》，又双叒叕一次打破了纪录。 上映10天，狐兔CP全网刷屏，票房22亿+，断崖式领先今年其它好莱坞电影，成为2025年度进口片票冠，放在整个中国影史上，它则是最卖座的进口动画 片，仅次于饺子的两部《哪吒》。 单日最高票房7亿+，观影人次达1860万+，在进口片单日票房数据上，领先票冠《复联4》近1.5亿，在观影人次上，中国影史票冠《哪吒2》单日观影人次 最高为1730万+，被领先近130万。截至娱乐独角兽发稿前，该片的全球总票房已达6.3亿美元。 在非热门档期电影院门可罗雀、好莱坞电影于内地逐渐疲软、受欢迎程度日益下降、IP系列电影票房时常被腰斩、原创电影也票房不佳的当下，《疯狂动 物城2》的票房表现，不管是对于大盘不佳的中国电影市场，还是对于急需海外市场充血的好莱坞，都是一则巨大利好，引进方中国电影由此获得了2个涨 停板，博纳电影等影视概念股则跟涨。 《每日银幕》《洛杉矶时报》等权威媒体均报道了该片在国内的受欢迎程度。而从迪士尼在该片上映前后的种种举动来看，重仓中国市场，堪称他们近年 来最好的电影策略。 票房直冲100亿，北美市场被"震惊" 剧情上，《疯狂动物城2》相比起"封神"的第一部相对" ...

Core Viewpoint - The release of "Zootopia 2" has ignited a surge in consumer spending, leading to record box office earnings and extensive cross-industry collaborations, showcasing the power of IP in driving economic activity [3][4][12]. Box Office Performance - "Zootopia 2" has achieved a cumulative box office of 2.304 billion yuan, making it the highest-grossing imported animated film in Chinese history, surpassing the original "Zootopia" which earned 1.538 billion yuan [3][4]. - The film's opening day saw a 66.5% share of the total screenings, and it has become the top film of the 2025 holiday season [3]. 4D and IMAX Experience - The popularity of 4D screenings has led to sold-out shows and ticket scalping, with prices for 4D tickets rising by 47% from the original price of 109 yuan to 160 yuan [9]. - IMAX screenings generated 146 million yuan during the opening weekend, setting records for animated films in China [6]. Marketing and Collaborations - Over 70 brands have collaborated with "Zootopia 2," with significant partnerships including Disney's collaborations with China Eastern Airlines, VIVO, and Pepsi [4]. - The film's marketing strategy included a series of animated shorts and appearances by Disney executives, enhancing audience engagement before the film's release [10][12]. Merchandise and Consumer Behavior - Key merchandise, such as the "Gary the Snake" plush toy and carrot recording pen, sold out within minutes, indicating strong consumer demand [15][18]. - Cross-industry collaborations have led to increased sales of co-branded products, with brands like Luckin Coffee and Miniso reporting high demand for their "Zootopia 2" merchandise [18][19]. IP Economy and Future Trends - The success of "Zootopia 2" highlights the growing importance of IP in driving consumer engagement and revenue across various sectors [20][26]. - Analysts suggest that the IP economy will continue to grow, driven by digitalization and globalization, with new forms and applications of IP emerging [20][27].

Core Insights - "Zootopia 2" has become the highest-grossing imported animated film in Chinese history, with a total box office of 2.304 billion yuan as of December 5, surpassing the previous record held by the original "Zootopia" which earned 1.538 billion yuan [1][3] - The film's success has sparked a surge in 4D cinema experiences, merchandise sales, and cross-industry collaborations, indicating a robust demand for IP-related products and experiences [1][11] Box Office Performance - "Zootopia 2" achieved a box office of 1.46 billion yuan during its opening weekend, breaking multiple records for IMAX screenings in China [3] - The film's opening day saw a 66.5% share of the total box office, highlighting its popularity among audiences [1] 4D Cinema and Experience - The 4D screenings of "Zootopia 2" have been sold out, with ticket prices increasing by 47% from the original price of 109 yuan to 160 yuan [5] - The immersive experience of 4D screenings, which includes sensory effects like wind and seat vibrations, has been compared to theme park rides, enhancing audience engagement [3][5] Merchandise and Cross-Industry Collaborations - Over 70 brands have collaborated with "Zootopia 2," with significant sales in merchandise such as the carrot recording pen and plush toys, which sold out within minutes [1][11] - Major brands like Luckin Coffee and Miniso have launched co-branded products, contributing to the film's merchandising success [11][22] Marketing and Audience Engagement - Disney's marketing strategy included early promotional content and collaborations with local artists, which helped build anticipation and engagement before the film's release [6][8] - The film's themes resonate with Chinese audiences, particularly the relatable storylines and character dynamics, which have driven emotional connections and increased viewership [5][6] Future of IP Economy - The success of "Zootopia 2" reflects a growing trend in the IP economy, where cross-industry collaborations are becoming more prevalent, indicating a strong consumer demand for brand and cultural recognition [24] - The film's performance has prompted further investments in IP-related ventures, such as Wanda's acquisition of a stake in 52TOYS, highlighting the potential for growth in the merchandise and experience sectors [23]

Core Thesis - The Walt Disney Company is experiencing a bullish outlook due to significant progress in profitability, cash generation, and strategic refocusing across its diversified media and experiences portfolio [2][6]. Financial Performance - FY-2025 adjusted EPS grew by 19%, enabling a planned $7 billion share-repurchase program and a 50% dividend hike [3]. - Disney generated $94.4 billion in revenue and $17.6 billion in segment operating income, supported by improvements across its segments [3]. Segment Performance - The Entertainment segment benefited from a record box-office slate, strong consumer-products sales, and the profitable scaling of Disney+ and Hulu, which together reached 196 million subscribers [4]. - Streaming profitability marked an inflection point, driven by higher ARPU and tighter marketing spending, with plans to consolidate Disney+ and Hulu into a single app [4]. - The Experiences segment delivered record results as domestic and international parks, cruise lines, and consumer products showed resilience despite macro and weather-related pressures [5]. Strategic Initiatives - Disney's YouTube TV agreement reflects its willingness to embrace flexible distribution partnerships that expand reach and strengthen monetization [5]. - ESPN advanced its direct-to-consumer transition, launching a standalone service and renewing key sports-rights agreements [4]. Future Outlook - Strong FY-2026 guidance targets double-digit entertainment growth, a 10% DTC margin, and continued expansion in experiences, positioning Disney to build on its momentum [6].

Core Insights - Disney and Netflix reported contrasting quarterly earnings, with Disney beating EPS estimates but missing revenue expectations, while Netflix met revenue expectations but missed EPS due to a tax dispute [2][7]. Financial Performance - Disney's EPS was $1.11, exceeding the expected $1.05, but revenue was $22.46 billion, below the anticipated $22.75 billion [2][7]. - Netflix's revenue reached $11.51 billion, meeting expectations, but EPS was $5.87, missing the expected $6.97 due to a $619 million tax issue in Brazil [2][4]. Revenue Growth - Disney's direct-to-consumer segment saw an 8% revenue increase driven by subscription growth in Disney+ and Hulu, but the overall revenue growth was -0.5% year-over-year [3][5]. - Netflix experienced a 17.2% year-over-year revenue growth, attributed to membership expansion, pricing adjustments, and strong ad sales [4][5]. Operating Margins - Disney's operating margin was 11.9%, significantly lower than Netflix's 28.2% [5][7]. - Disney's profit margin stood at 13.1%, nearly half of Netflix's 24% [7]. Strategic Focus - Disney's Parks & Experiences segment achieved a 13% growth in operating income, and the company plans to invest $24 billion in content by fiscal 2026 while increasing its share buyback target to $7 billion [6]. - Netflix is focusing on expanding its user interface and integrating advertising platforms, achieving its highest quarterly view share in the U.S. and U.K. [4][6].