Disney Scores with Captain America - Analyst Blog
April 07 2014 - 2:06PM
Zacks
The Walt Disney Company’s (DIS) continues with
its extraordinary run at the box office. As per media reports,
Disney’s latest release, Captain America: The Winter
Soldier, has emerged as the highest grossing film for the
month of April. The film raked in $96.2 million in its opening
weekend, bettering the record previously held by Fast Five
for the same month that garnered about $86.2 million in its debut
weekend in 2011.
Overseas, the weekend box office collections have come in at
roughly $107.1 million. Moreover, Captain America
outperformed the estimated box office collections of its prequel
($65 million, 2011), but came in below the collections of
Iron Man 3 (2013) and Avengers (2012) in their
respective opening weekends.
Given the terrific response, trade analysts remain optimistic about
movie’s box office collections.
The sequel to Captain America: The First Avenger picks up
two years after The Battle of New York, (Avengers 2012)
where Steve Rogers (played by Chris Evans) a.k.a. Captain America,
still working for the espionage agency S.H.I.E.L.D., battles a
mysterious assassin named Winter Soldier (Sebastian Stan). The
movie also stars Scarlett Johansson as the Black Widow. It has a
production value of $170 million and is directed by Anthony and Joe
Russo.
Disney had acquired Marvel Studios in 2009 for $4 billion. Ever
since, Marvel has churned out some highest-grossing movies of all
time for Disney, validating its money-making ability.
These films include Avengers, which collected $1.5 billion
at the box office world wide, making it the third highest grosser
of all time. Further, Iron Man 3 had grossed $1.2 billion
and emerged as the fifth highest grossing movie of all time.
Avatar, distributed by Twentieth Century Fox Film
Corporation, a subsidiary of Twenty-First Century Fox,
Inc. (FOX), dominates the list with $2.8 billion in
collections.
The success of Captain America has inadvertently kicked
off an early summer season. Generally, the summer season begins in
May and has some of the year’s biggest movies lined up for release.
Disney has Rio 2 (April 11), Bears (April 18) and
Maleficent (May 30) in the pipeline. After
Frozen’s estimated $1 billion in ticket sales, globally,
expectations from Disney’s animation studio have also
skyrocketed.
Currently, Disney carries Zacks Rank #2 (Buy). Some other media
stocks worth consideration include Viacom, Inc.
(VIAB) and Digital Cinema Destinations Corp.
(DCIN). Both of these have the same Zacks Rank as Disney.
DIGITAL CINEMA (DCIN): Free Stock Analysis Report
DISNEY WALT (DIS): Free Stock Analysis Report
TWENTY-FIRST CF (FOX): Free Stock Analysis Report
VIACOM INC-B (VIAB): Free Stock Analysis Report
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