The 1 Number Disney Investors Should Watch in 2020
Walt Disney (NYSE: DIS) had an astounding 2019 at the box office. The company had seven of the top ten highest-grossing films of the year, and it owned a piece of an eighth, Spider-Man: Far From Home. Seven of those eight films have passed $1 billion in global ticket sales, and that will happen for Star Wars: The Rise of Skywalker early in the new year.
The Mouse House has been a hit factory, leaning on its franchises and well-known intellectual property (IP) to give itself a bigger chance of making every film strike gold. That has worked to a staggering level, with the company delivering $11.11 billion in global 2019 box office ($13.51 billion if you count the properties it acquired from FOX).
Walt Disney has the IP to drive consumers to the theater. Image source: Getty Images.
Source Fool.com
