These Family-Friendly Movies Increase Disney’s Q1 Earnings
By Movieguide® Contributor
The Walt Disney Company just released its Q1 report, revealing a 5% revenue increase from Q1 last year, and it’s thanks in large part to family friendly movies.
Its streaming business, comprised of Disney+ and Hulu, also saw a bump up of 9%, Variety reported. The entertainment giant’s net income grew 34% to $2.55 billion.
The increased profit for Disney’s latest films proves that family-friendly films always do better at the box office. MOANA 2 which released in November 2024, earned $1 billion worldwide. Teddy Bear Award®-nominated movie MUFASA: THE LION KING, which also released during the quarter, earned $654,119,970 worldwide.
MUFASA: THE LION KING is a beautifully animated adventure story with lots of jeopardy. The movie has great voice work by the entire cast and at least two highly memorable songs. Even better, MUFASA: THE LION KING has strong, inspiring ideas on what makes a great leader. For example, Mufasa’s love and compassion eventually helps unite the animals in a Promised Land. MUFASA also has a pro-family perspective that’s pro-adoption. That said, some of the action and fighting in MUFASA is too intense for children.
READ MORE: MUFASA: THE LION KING REVIEW
Earlier in the year, INSIDE OUT 2, which is also up for a Teddy Award®, helped boost Disney, bringing in over $1 billion.
Analyst Alan Gould said that “the biggest fundamental change” is that “the studio is executing creatively again.”
“Our results this quarter demonstrate Disney’s creative and financial strength as we advanced the strategic initiatives set in motion over the past two years,” Disney’s CEO Bob Iger said in the report.
He continued, “In fiscal Q1 we saw outstanding box office performance from our studios, which had the top three movies of 2024; we further improved the profitability of our Entertainment DTC streaming businesses; we took an important step to advance ESPN’s digital strategy by adding an ESPN tile on Disney+; and our Experiences segment demonstrated its enduring appeal as we continue investing strategically across the globe. Overall, this quarter proved to be a strong start to the fiscal year, and we remain confident in our strategy for continued growth.”
READ MORE: INSIDE OUT 2 PROVES FAMILY-FRIENDLY MOVIES ALWAYS SUCCEED
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