As per reports, the blockbuster movie Avatar re-claims its position as the highest-grossing film of the all-time spot after its re-release in China, pushing it above the $2.8bn marks on the last weekend. China has been the top-performing film market since pandemic lockdowns. Avatar debuted in 2009 and held the highest-grossing film title for a decade after the spot was overtaken by Marvel’s Avengers: Endgame in 2019.
Disney (DIS) owns both films after the company bought entertainment assets from Fox in 2019. Disney also owns the Titanic movie, which is third on the list of highest-grossing movies. Director James Cameron’s Avatar is currently working on four sequels to the blockbuster film Avatar. The next film, which has been delayed a number of times, is expected for release in December 2022.
“We are proud to reach this great milestone, but Jim (James Cameron) and I are most thrilled that the film is back in theatres during these unprecedented times, and we want to thank our Chinese fans for their support,” stated Avatar producer Jon Landau.
Chinese movie theatres have been open now for several months, since pandemic-led shutdowns. Ahead of its re-release in China, Avatar grossed around $760m in the US and just over $2bn internationally.
Dow 30 Component, The Walt Disney Company (DIS), and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media. To learn more about this Dow 30 Component, The Walt Disney Company (DIS), and to continue to track its progress please visit the Vista Partners Walt Disney Company, Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners and receive our FREE email updates throughout the week and view our exclusive content and research.
