Buena Vista/Disney Pictures

Posted on March 25, 2015 by Jordyn Rosenberg

by JORDYN ROSENBERG

[2] Walt Disney Pictures Logo

HISTORY

The Lion King

From 1988 to present day, Disney Pictures has released some of the most successful films in Hollywood. Disney’s most iconic and memorable titles include, The Lion King, The Little Mermaid, Aladdin and Beauty and The Beast. Disney has pushed the boundaries of the film industry since its beginning with the production of the first full length animation film, Snow White and The Seven Dwarfs, in 1937, as well as the release of their first live action film, Treasure Island, in 1950 [1].

Treasure Island

After the death of Walt Disney in 1966 his brother Roy Disney took the lead. The company only continued to grow when Robert Iger was named chief executive officer in 2005. Currently, Disney owns Walt Disney Animation Studios, Marvel, Touchstone, Disneynature & Lucasfilms. On February 5th 2015, Thomas O. Staggs, [16] Chairman of Walt Disney Parks and Resorts, was named Chief Operating Officer of The Walt Disney Company.

FINANCIALS

In 2015, Buena Vista or Disney Pictures Studios held 10.8% market share and earned a total gross of $319 million. With only three movie releases thus far in 2015, the studio is ranked 4th. [13] The studio is behind 20th Century Fox, Universal, and Warner Bros. The companies rank is anticipated to rise with the rest of their 2015 slate. [3] After a full slate of 13 movies in 2014, the company grossed $1,617.5 billion, held a market share of 15.6% and ranked 2nd behind 20th Century Fox. The Walt Disney Company released its first quarterly report [14] for 2015 on February 3rd. Within the overall company, earnings per share increased 23% to $1.27 billion from $1.03 billion in the 2014 fourth quarter report [15]. Specifically, in studio entertainment, revenues have decreased 2% to 1.9 billion from 1.8 billion in 2014. Lower theatrical distribution numbers were a result of the performance of Big Hero 6 in comparsion to the release of Frozen last year.

KEY EXECUTIVES

[22] Alan Bergman – President, The Walt Disney Studios

Alan Horn - Chairman, Walt Disney Studios

[23] Alan Horn – Chairman, The Walt Disney Studios

[24] Robert Iger – Chairman and Executive Officer, The Walt Disney Company

IN THEATERS

Cinderella

Cinderella

The live-action remake, directed by Kenneth Branagh, of the notorious Disney animation, Cinderella, did well in the box office opening weekend. Opening at number 1, the weekend of March 13th 2015, the movie earned an opening weekend gross of $67,877,361 domestically. Including international gross, the film made over $70 million opening weekend and made their $95 million budget in the second week. In total, Cinderella has made $438,036,467 worldwide [6]. With a large part of the target audience being female children, the cast, including, Lily James and Richard Madden, was fairly unknown [7]. The seven minute Frozen Fever short at the beginning of the film, based of the extremely popular animation Frozen, may have been a drawing factor for audiences. Although the film had one of the biggest debuts of the year, its numbers fell short of what was expected by Disney. The lower figures mean the new film fell behind Disney’s last live-action remake, Maleficent [8].

Monkey Kingdom

Monkey Kingdom

The Disneynature film, set in South Asia, follows the story of a macaque monkey, named Maya. With a new son, Kip, and her longtime home, Castle Rock, being taken over, Maya faces various struggles. Her ultimate goal is to get her home back and establish a good future for her son. The movie is narrated by Tina Fey. The director of the film, Mark Linfield, spent over 2 and a half years filming and following the animals for the movie [9]. The movie was released on April 17th. The opening weekend numbers have yet to be released. . .

SPRING 2015 RELEASES

McFarland, USA

McFarland USA

Released on February 20th, 2015, the sports-drama, McFarland USA, tells the story of a high school cross-country team as they attempt to succeed under the supervision of a new coach, played by Kevin Costner. The director of the film, Niki Caro, expressed that film is especially timely with the current debate over immigration [5]. The movie is set in a highly immigrated area and a majority of the athletes are from migrant families. Opening weekend grossed $11,020,798 and the movie made an overall domestic total of $42,715,645 [4]. The film was not as successful as Disney had hoped, opening at number 4 in theaters and continually falling in rank week to week. .

FUTURE SLATE

Tomorrowland

Tomorrowland

Tomorrowland will be released on May 22nd 2015. The movie was directed by Brad Bird and stars Academy Award winning actor, George Clooney. The cast also includes Britt Robertson, this year’s “Star of Tomorrow” award winner [11] at CinemaCon, and Judy Greer. The films tells the story of a young girl who finds a mysterious and magical pin. Touching the pin reveals a new and better world [10]. Disney is keeping the details of the plot a vaulted secret. Disney’s new sci-fi/fantasy film is inspired by the Disneyland park attraction and Disney World’s Epcot theme park. In a newly released featurette, Disney informs audiences of the tie between the film, Walt Disney and his original team’s vision for the future. The film is inspired by Walt’s vision of what the future would be like, as well as his ideas for the development of society [12]. The nostalgia of the film and reference to Walt Disney, adds Tomorrowland to Disney’s list of inspired remake films, such as last year’s Maleficent and this year’s Cinderella.

FUTURE FOR DISNEY PICTURES

Star Wars: The Force Awakens

On March 12th 2015, The Walt Disney Company held their 2015 annual meeting of shareholders [17]. At the meeting, CEO Robert Iger and Chief Creative Officer, John Lassester [18] announced exciting future projects for Disney. In October of 2012 Walt Disney Studios bought Lucasfilm for $4 billion [19]. At this years annual meeting, Disney acknowledged three new Star Wars projects the studio has been working on. Star Wars: The Force Awakens will premier in theaters on December 18th 2015. The film is the 7th episode of the Star Wars series and is set thirty years after the last Star Wars film, Star Wars: Episode VI – Return of the Jedi, which was released in 1983. The film was directed by J.J. Abrams and stars Mark Hamill, Harrison Ford, & Carrie Fisher. The 2nd official teaser was released in April 16th 2015.

Disney Annual Meeting of Shareholders 2015

At the meeting, Iger announced the production of another Star Wars film, Rogue One. Set to release on December 16th 2016, the film written by George Lucas is a spin-off to the original franchise. Finally, Star Wars: Episode VIII will arrive in theaters on May 26th 2017 [20]. The film will be directed by Rian Johnson and will continue the Star Wars story after episode 7. In addition, Disney Animation has officially announced plan of production for Frozen 2. After the huge success of the original film, it is no surprise that Disney is taking advantage of a sequel [21]. A release date has yet to be set for the film.

SOURCES

[1] Walt Disney Studios History. Walt Disney Studios. Retrieved: April 16th 2015

[2] Walt Disney Studios Logo. Walt Disney Studios. Retrieved: April 16th 2015

[3] Walt Disney Studios Current Slate. Walt Disney Studios. Retrieved April 16th 2015

[4] McFarland USA. Box Office Mojo. Retrieved April 16th 2015

[5] Johnson, Ted (February 21st 2015) What McFarland USA Says About Immigration. Variety. Retrieved April 16th 2015

[6] Cinderella (2015). Box Office Mojo. Retrieved April 16th 2015

[7] Acuna, Kirsten (March 16th 2015) Cinderella Opening Weekend. Business Insider. Retrieved April 16th 2015

[8] Lang, Brent (March 16th 2015) Cinderella Falls Short. Variety. Retrieved: April 16th 2015

[9] Miller, Gregory (April 16th 2015) Monkeys of ‘Monkey Kingdom’ NY Post. Retrieved: April 16th 2015

[10] Breznican, Anthony (January 18th 2015) George Clooney & Tomorrowland. Entertainment Weekly. Retrieved: April 16th 2015

[11] Lang, Brent (March 11th 2015) Britt Robertson Tomorrowland. Variety. Retrieved: April 16th 2015

[12] White, James (April 16th 2015) Tomorrowland Featurette. Empire Online. Retrieved: April 16th 2015

[13] Box Office by Studio: Buena Vista. Box Office Mojo. Retrieved: April 17th 2015

[14] Walt Disney First Quarter 2015. Walt Disney Studios. Retrieved: April 17th 2015.

[15] Walt Disney Fourth Quarter 2014. Walt Disney Studios. Retrieved: April 17th 2015

[16] Thomas Staggs COO. Walt Disney Pictures. Retrieved: April 17th 2015

[17] Disney Annual Shareholders Meeting 2015. Walt Disney Company. Retrieved: April 17th 2015

[18] John Lasseter. Walt Disney Company. Retrieved: April 17th 2015

[19] Krantz, Matt (October 30, 2012). Disney Lucasfilm. USA Today. Retrieved: April 17th 2015

[20] Kludt, Tom (March 12 2015). Star Wars Episode VIII. CNN Money. Retrieved: April 17th 2015

[21] Graser, Mark (March 12 2015). Frozen 2. Variety. Retrieved: April 17th 2015

[22] Alan Bergman. Walt Disney Studios. Retrieved: April 17th 2015

[23] Alan Horn. Walt Disney Studios. Retrieved: April 17th 2015

[24] Robert Iger. Walt Disney Company. Retrieved: April 17th 2015

[25] Lion King Movie Poster. Fan Pop. Retrieved: April 17th 2015

[26] Treasure Island Poster. Wikimedia. Retrieved: April 17th 2015

[27] Alan Bergman Picture. Walt Disney. Retrieved: April 17th 2015

[28] Alan Horn Picture. Walt Disney. Retrieved: April 17th 2015

[29] Robert Iger Picture. Walt Disney. Retrieved: April 17th 2015

[30] Cinderella Poser. Wikia. Retrieved: April 17th 2015

[31] Monkey Kingdom Poster. StitchKingdom. Retrieved: April 17th 2015

[32] McFarland USA Poster. IMP Awards. Retrieved: April 17th 2015

[33] Tomorrowland Poster. WP Images. Retrieved: April 17th 2015

[34] Star Wars: The Force Awakens. IMDB Media. Poster Retrieved: April 17th 2015

[35] Annual Shareholders Meeting Image. Visions Fantastic. Retrieved: April 17th 2015

Buenavista/Disney Pictures

Posted on December 1, 2014 by kawalek

by Lynn Walek

Image Courtesy of the Official Disney Fan Club (www.d23.com)

Key Executives

Robert “Bob” Iger Alan F. Horn
Chairman & Chief Executive Officer Chairman
The Walt Disney Company The Walt Disney Studios

Robert “Bob” Iger – Image Courtesy of The Walt Disney Company

Alan F. Horn – Image Courtesy of The Walt Disney Company

History

The Walt Disney Company was founded in 1923 when Disney brothers Roy and Walt sold the Alice Comedies. The star of the company, Mickey Mouse, was not seen until five years later when Steamboat Willie, the first sound cartoon, was released in 1928. The Disney Company continued to push boundaries releasing the first animated feature film, Snow White and the Seven Dwarfs, in 1937. [1] The company has grown and expanded into many aspects of entertainment. [2] Currently Walt Disney Studios owns Walt Disney Animation Studios, Pixar Studios, Walt Disney Studios Motion Pictures, Marvel, Touchstone, and Disneynature. In 2012 Disney purchased Lucasfilm, which most notably includes the Star Wars franchise. [3] [4]

Finances

With the end of the 2014 fiscal year, Disney announced a record year. The fourth quarter earning report quotes CEO Bob Iger as saying: “Our results for Fiscal 2014 were the highest in the Company’s history, marking our fourth consecutive year of record performance.” [5] This year’s revenues are up from 45 billion to 48.8 billion, an eight percent increase. Net income increased from 6.1 billion in 2013 to 7.5 billion in 2014, a 22 percent increase. With the future slate Disney is set to release “21 tentpole movies…over the next three years, compared to only 13 in the last three”. [6] The increase in “tentpole” movies means Disney has the opportunity to continue breaking records as it expands franchises under its many banners. [5] [6]

Current Slate

Image Courtesy of IMDb

Alexander and the Terrible, Horrible, No Good, Very Bad Day
Released October 10, 2014 this film is based on the popular children’s book of the same title. Despite comedy giant Steve Carell and well known actress Jennifer Garner headlining the film, it was only a mild success. It opened at number three at the box office and quickly fell out of the top five. It grossed 63 million domestically and 82 million worldwide with a production budget of 28 million. [7]

Image Courtesy of IMDb

Big Hero 6
Released November 7, 2014, this is the first animated Marvel film. Disney CEO Bob Iger had high hopes for the film when he spoke to investors the day before its release, and it did not disappoint. [6] It grossed more than 205 million worldwide with a production budget of 165 million. It opened as number one at the box office and then held second place during its second and third weeks. The film follows the adventures of Hiro, a young boy, and his robot best friend, Baymax who according to IMDb “team up with a group of friends to form a band of high-tech heroes.” [8] Big Hero 6 has faced little direct competition until the November 26 release of Penguins of Madagascar. [8] [9] [10]

Image Courtesy of IMDb

Into the Woods
This film will be released on December 25, 2014 (see trailer below [a]). This is a big screen adaptation of the Stephen Sondheim musical and boasts big name actors Meryl Streep and Johnny Depp. The film will feature a new song written for Streep. The film focuses on a witch (Streep) teaching lessons to various fairytale characters such as Little Red Riding Hood, Cinderella and Rapunzel. The film will be up against another family musical, Annie, as well as the third installment of family comedy franchise Night at the Museum: Secret of the Tomb. Both of these competing films will be released before Christmas on December 19. [10] [11]

Future Slate

Because Disney’s fiscal 2014 is over, the emphasis is on what is to come in the next fiscal year. In his address to investors on November 6, 2014, Bob Iger emphasized the future slate and franchise expansion. Disney has released several long term plans. [6]

Marvel

Image Courtesy of marvel.com

Marvel was acquired in 2009 and has become an instrumental part of Walt Disney Studios success. Currently Disney is working on two Marvel franchises, The Avengers (2012) and Guardians of the Galaxy (2014). There are 11 Marvel films planned for the next five years (see table 1). [6]

Table 1 Table created in Microsoft Word by Lynn Walek [6]

Image Courtesy of IMDb

The next release on the Marvel docket is Avengers sequel Age of Ultron, which hits theaters in May 2015. Director Joss Whedon will return to lead stars Robert Downey Jr., Chris Hemsworth, Chris Evans, and Mark Ruffalo who will reprise their superhero roles. The trailer (see below [b]) which was originally set to air on October 28 during Marvel’s Agents of S.H.I.E.L.D. was leaked on October 22. Marvel and Disney responded by quickly posting the official trailer which got 34.3 million global views in its first 24 hours. This number shattered the previous record held by the Iron Man 3 trailer. [12] [13]

In the 2014 fiscal year, Guardians of the Galaxy had the highest domestic gross and the second highest worldwide gross. It grossed more than 770 million dollars worldwide. [14] Additionally, the success of Big Hero 6 proves that Marvel can produce successful animated films and they will likely continue to do so. [9]

Star Wars

Image Courtesy of lucasfilm.com/starwars

Image Courtesy of IMDb

Disney will produce a new trilogy of Star Wars movies: Episodes VII, VIII and IX. The title and teaser trailer for Episode VII have now been released. It will be called Star Wars: The Force Awakens and the trailer can be seen below [c]. This film will be released December 18, 2015. Episode VIII will be released in 2017 and Episode IX will be released in 2019. In 2016 Disney will release the first of their “stand alone” films within the Star Wars universe. [6]

Pixar

Image Courtesy of official Disney Pixar Facebook

Image Courtesy of IMDb

Noticeably absent from the 2014 slate Pixar will be back in June 2015 with Inside Out. This film is not a franchise expansion but it lists big name stars, Amy Poehler, Mindy Kaling, and Bill Hader. Poehler, Kaling and Hader will voice three of five emotions from inside the mind of a little girl. Pixar will continue two successful franchises in 2016 and 2017. Finding Dory, sequel to Finding Nemo, will be released in 2016. The recently announced Toy Story 4 will be released in June 2017 and boasts the return of director John Lasseter who was at the helm of the first two installments of the Toy Story franchise. Lasseter is also the chief creative officer of Walt Disney and Pixar Animation Studios and principal creative advisor of Walt Disney Imagineering. [6] [15]

Disney Pictures

Image Courtesy of waltdisneystdudios.com

Image Courtesy of IMDb

Following the success of Maleficent, which grossed 757 million dollars worldwide, Disney will continue to produce live action fairy tales. [16] The official Cinderella trailer was released on November 19 (see below [d]). This film is scheduled to be released in March 2015. Other live action fairy tales announced are The Jungle Book and Alice in Wonderland 2. Disney will also release another film in the Pirates of the Caribbean franchise. [6]