Disney dominated the box office last quarter forcing rivals to navigate around its large tentpoles. The studio racked up at $1.1 billion at the domestic box office for the period, up 67% from the year before, with a 39% share, according to analyst Michael Nathanson of MoffettNathanson.
On the television front, total domestic national television advertising at ABC nosed down by 1.5% last quarter to an estimated $775 million, Nathanson said. At cable networks, he ad revenue was up 2.4% to an estimated $1.1 billion. The theme park business, already rattled by ongoing unrest in Hong Kong protests, is taking a hit in China in the current quarter on the coronavirus outbreak. The epidemic, which temporarily shuttered Shanghai Disneyland and Hong Kong Disneyland – along with movie theaters, film production and businesses across pretty much every industry – has Wall Street revising projections.