Disneygave more insight into its celebrated streaming profitability inBob Iger-briefed executive remarks after its results early this morning, and its not just new content bringing people to the service.
According to the remarks, which are a change from the way in which Disney usually unveils its earnings, the originalInside Outmovie from 2015 was responsible for driving 1.3 millionDisney+sign-ups during the quarter.
Inside Out 2opened June 14 for an explosive last two weeks of the quarter and the Pixar pic,now the top-grossing animated film of all time, has $1.56 billion in worldwide box office.Inside Out,meanwhile, has nabbed 100 million views globally on Disney+ since theInside Out 2teaser trailer dropped.
Inside Out© Walt Disney Studios Motion Pictures / courtesy Everett Collection
Related Stories
‘Thunderbolts*’ Looks To Create Lightning And Fire Up Summer Box Office With $175M Global Opening - Preview
Disney & Marvel Don’t Want To Play Nicepool With Justin Baldoni Over ‘Deadpool’ In Blake Lively Battle
With the release ofDeadpool& Wolverineweve seen heightened viewership with the originalDeadpoolfilms, and we expect similar engagement with the upcoming releases ofMoana 2andMufasa: The Lion King, said the remarks from Iger and Senior Executive Vice President and Chief Financial Officer Hugh Johnston.
The theatrical success of our franchises, which contributes to our growth and improved financial performance in streaming, should also positively impact churn and engagement.
Watch on Deadline
Inside Out 2boosted content and licensing profits for Disney, which helped triple earnings at the entertainment segment to $1.2 billion from $408 million and showcased the studios renewed creative strength that CEO Bob Iger has been promising.
It turned a profit in the streaming division ahead of schedule for the first time in apositive set of resultsthat have seen EPS targets for the full year revised to increase by approximately 30% from the prior year.
