With all those achievements out of the way, the movie is now helping Walt Disney Co. make the highest film revenue with only a few months left on this calendar year. According to MarketWatch, the mega studio is scheduled to post their third-quarter fiscal earning on Tuesday afternoon, and industry insiders are expecting the company to post record quarterly income with $1.09 billion coming in from the movie-studio business.
With the expected total coming on Tuesday, the company will pass the $1 billion mark only the second time since the company started with the last time such reported earning was when Star Wars: The Force Awakens launched in 2015. The movie made just over $2 billion at the box office, but with Endgame almost nearing $2.8 billion, expectations are high, the company is going to eclipse the past record set in 2016.
Avengers: Endgame was a perfect storm, riding years of buildup and expectations with the movie ripping the box office away like a hurricane. The film recently took the top spot in the global box office chart, dethroning Avatar, which also became a Disney property after the $70 billion acquisition of Fox studios.
The movie business is also pushing the whole company’s operating to a three-year record for the company with the expected profit being in the region of $4.3 billion. All the areas of the company are bringing in money, but the streaming platform from Disney, which is still being developed is the one aspect of the company which is losing a lot of money. The company expects big things from the Disney+ service though, when it goes live in November.
Bob Iger is expected to make a conference call with the news of earnings where he will likely go into the upcoming releases of the movies and also the release of Disney+ in November. He is also expected to talk about the upcoming four sequels of Avatar which Disney bought the rights to after the Fox purchase.
Avengers: Endgame is now available on Digital HD and Blur-ray.