Disney Shareholders Could Experience Joy As 'Inside Out 2' Crushes Box Office, Nears $1B Milestone That Haunted Company In 2023

Core Insights - The animated sequel "Inside Out 2" from Walt Disney Co has achieved significant box office success, becoming the highest-grossing film of 2024 both domestically and worldwide in just two weekends [1][2] - After a disappointing 2023 with no films grossing $1 billion, "Inside Out 2" could mark Disney's first $1 billion hit of 2024 [1][3] - The strong performance of "Inside Out 2" is expected to positively impact Disney shareholders, providing a mix of emotions but mostly joy [2][3] Box Office Performance - "Inside Out 2" grossed $100 million in its second weekend, following a domestic opening weekend of $154 million, bringing its total domestic gross to $355.2 million and worldwide total to $724.4 million [1][2] - The domestic total of "Inside Out 2" is just shy of the original film's total of $356.9 million, which grossed $858.9 million worldwide [2][3] - The year-to-date domestic box office is down 21%, showing slight improvement from previous weeks, with a 23.5% decline year-over-year for the Spring season [4] Future Prospects - The upcoming release of "Deadpool & Wolverine" is anticipated to provide a boost to Disney and movie theater stocks, with expectations of opening between $200 million to $239 million [4][5] - "Deadpool & Wolverine" has already set R-rated movie records for first-day ticket sales, indicating strong demand [5][6] - The combination of "Inside Out 2" and "Deadpool & Wolverine" could lead Disney to have at least two $1 billion movies in 2024, a significant recovery for the company [6] Stock Performance - Disney shares are currently trading at $102, with a 52-week trading range of $78.73 to $123.74, and the stock has increased by 15% over the last year [6]