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Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar's "Inside Out 2." The animated feature has tallied $1.014 billion worldwide as of Sunday, making it the highest-grossing film of 2024 and the first film since Warner Bros.′ "Barbie" to top $1 billion at the global box office. A once prolifically successful studio, Pixar has suffered at the box office in the wake of the pandemic. As a result, before "Inside Out 2," no Disney animated feature from Pixar or its Walt Disney Animation studio had generated more than $480 million at the global box office since 2019. "Inside Out 2" has also showcased how vital the family audience is to the box office.
Persons: Amy Poehler, Maya Hawke, Joy, Disney's, Michael O'Leary, Mario Organizations: Warner Bros, National Association of Theatre, Pixar, Disney, Walt Disney Animation, Mario Bros, Comcast, CNBC Locations: Disney, EntTelligence, NBCUniversal
New York CNN —“Inside Out 2” has become the fastest-ever animated film to surpass $1 billion globally, shooting past the box office milestone this weekend, just 19 days after its release. “The film’s remarkable success is a testament not only to the incredible creativity of the Pixar team but an example of moviegoing at its very best.”The resounding success of “Inside Out 2” has jolted a sluggish 2024 box office. The movie is the highest grossing film of the year, and the first to pass $1 billion since “Barbie,” which came out last July. Daniel Loria, editorial director at Box Office Pro, which collects sales and showtime data from thousands of movie theaters across the United States, projects this year will see an overall domestic box office total between $8.1 billion and $8.4 billion, down from 2023’s total of more than $9 billion, the highest since the pandemic. Another surprise hit or two, and we may get a lot closer to matching that $9 billion than we all expected coming into the year.”
Persons: “ We’re, Tony Chambers, we’ve, , , Paul Dergarabedian, “ Barbie, Dory, Daniel Loria Organizations: New, New York CNN, Pixar, Disney, Box, showtime Locations: New York, United States
Costner’s Costly ‘Horizon’ Bites Box Office Dust
  + stars: | 2024-06-30 | by ( Brooks Barnes | ) www.nytimes.com   time to read: +1 min
“Inside Out 2,” starring a personified Anxiety, continued to resonate with moviegoers as the No. The dread-infused prequel “A Quiet Place: Day One” also struck a cultural nerve, arriving to stronger-than-expected ticket sales. “Inside Out 2” from Pixar was on pace to collect $55 million, for a three-week total of roughly $470 million in the United States and Canada, according to estimates by box office analysts on Saturday. The well-reviewed sequel is nearing $1 billion in worldwide ticket sales. No movie has reached that sales threshold since “Barbie,” which was released in July 2023.
Persons: , Kevin Costner’s, Old, Barbie Organizations: Pixar Locations: North America, United States, Canada
Those are just some of what fans of Disney cruises can expect on board the upcoming Disney Adventure, according to details announced Tuesday by Disney Cruise Line. Like other Disney cruises, Disney Adventure will have characters on board, entertainment based on Disney songs and viewings of its most popular movies. Other Disney cruisesDisney Adventure joins Disney Cruise Line's fleet of five ships, alongside two others — the Disney Treasure and Disney Destiny — that are on the way, according to the release. The AquaDuck water coaster aboard a Disney cruise ship — the Disney Dream — in Nassau, Bahamas. Matt Stroshane | Disney Cruise Line | Getty Images
Persons: Pixar's, Sarah Fox, Matt Stroshane Organizations: Disney, Disney Cruise, Marina Bay Cruise, Pixar, Marvel, Asia, Disney Adventure, Disney Treasure, Getty Locations: Asia, Singapore, Marina, Moana, Caribbean, Europe, Alaska, Mexico, Canada, Hawaii, Pacific, Australia, New Zealand, Nassau, Bahamas
Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar's "Inside Out 2." One of the standout additions is Anxiety, a quirky orange character voiced by Maya Hawke. 'The way psychologists see anxiety is as a protective emotion'Originally, the character was animated to look more like a "villain," Damour says. "Irrational anxiety is when you overestimate the threat and underestimate your ability to do anything about it," Damour says. Damour hopes "Inside Out 2" communicates that anxiety can be a tool as much as it can be a nuisance.
Persons: Amy Poehler, Maya Hawke, Joy, Riley Anderson, Lisa Damour, Damour, what's Locations: Disney
I would have never guessed that being single, juggling my career, graduate school, and parenting two toddlers would be stamped on my bingo card. As a single mom of two, every achievement feels even sweeter. Graduating with a Master's of Social Work from the University of Texas at Arlington with two toddlers feels more than a personal achievement. As a first-generation high school and college graduate, I knew obtaining another degree would be challenging. When my children napped, I scheduled work blocks to focus on work calls and client updates.
Persons: It's, we'd, Dory Organizations: Service, University of Texas Locations: Arlington
Disney and Pixar's "Inside Out 2" could be the first film since Warner Bros.' "Barbie" to top $1 billion at the global box office. "Inside Out 2" has yet to open in Japan, which contributed nearly $33 million to the $850.5 million global total of the first film in 2015. Before "Inside Out 2," no Disney animated feature from Pixar or Walt Disney Animation had generated more than $480 million at the global box office since 2019. "'Inside Out 2's' performance is the culmination of many things," said Shawn Robbins, founder and owner of Box Office Theory. Last year, that audience came out in droves for Universal's "The Super Mario Bros. Movie," which generated more than $1.36 billion at the global box office.
Persons: Phyllis Smith, Amy Poehler, Paul Dergarabedian, Shawn Robbins, Mario, Robbins, NBCUniversal Organizations: Disney, Warner Bros, Pixar, Walt Disney Animation, Force, Mario Bros, Comcast, CNBC Locations: Japan, NBCUniversal
Last weekend, "Inside Out 2" scored the second biggest box office release for any animated movie. In it, Riley Anderson, a 13-year-old girl, grapples with the discomfort of becoming a teenager. Animated as a moody, purple being with bangs, it is the feeling of being both tired and bored. Lisa Damour, a psychologist who worked on "Inside Out 2," says ennui is a coping mechanism for teens. While this emotion is more consuming as a teenager, it can play a role in the lives of young adults who are transitioning from school into the workforce.
Persons: Riley Anderson, you've, Lisa Damour, Damour Organizations: Pixar
A big piece has been missing from the box office — family films. A handful of kid-friendly hits — Universal's "Super Mario Bros." chief among them — have boosted ticket sales. So far in 2024, the domestic box office is down 23% from last year and trails 40% from 2019. More kid-friendly hits, like the coming "Despicable Me 4," could be one of the keys to a box office rebound. "Family movies come in all shapes and sizes," said Shawn Robbins, founder and owner of Box Office Theory.
Persons: Amy Poehler, Maya Hawke, Joy, Mario, Chris Johnson, Shawn Robbins, Robbins, Barbie Organizations: Disney, Star Wars, Marvel Locations: Disney, Midwestern
Read preview"Inside Out 2" smashed box-office records this weekend, giving Disney a big boost as the summer blockbuster season kicks off. On that measure it's a better debut than "The Super Mario Bros Movie" managed and is also the biggest worldwide opening weekend of the year, Deadline reported. Latin America in particular embraced "Inside Out 2" with open arms, giving it a $61 million total across the region. Related storiesDisney also said "The Incredibles 2," released in 2018, was the only Pixar release to perform better in the US across its opening weekend. AdvertisementThe first "Inside Out" made $90 million in the summer of 2015 with a $858 million global total.
Persons: , Mario, Disney, Shawn Robbins, Mouse, Guy Organizations: Service, Disney, Business, Pixar, Marvel Locations: America
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDisney proved it still has some box-office firepower this weekend with Pixar's "Inside Out 2." The film had the biggest three-day opening weekend of the year, grossing $155 million domestically and $295 million worldwide. That's also the second-biggest domestic opening ever for an animated movie, behind another Pixar title, 2018's "Incredibles 2" ($182.6 million). AdvertisementClearly, now that Pixar movies are back in theaters, they're going to be playing everywhere — and that strategy is working.
Persons: , That's, Will Smith, Luca, Oscar, Riley, Bing Bong, it's, It's, Alisha, Bob Iger, Raya, John Krasinski's, you'll, Indiana Jones Organizations: Service, Pixar, Business, Disney, Hollywood Locations: Oklahoma
"Inside Out 2" debuted with an estimated $155 million domestically, the second-highest theatrical opening of an animated film and the first film since Warner Bros.' "Barbie" to top $100 million during its debut. Of note, Disney does not consider its 2019 live-action remake of "The Lion King," which generated $191.7 million during its debut, an animation film. "Let's issue a collective 'welcome back' to Disney, Pixar, and the summer box office," said Shawn Robbins, founder and owner of Box Office Theory." Typically, these films average $100 million to $200 million openings, with 2019's "Avengers: Endgame" hitting a record $357.1 million. It boasts the biggest domestic debut of 2024, surpassing "Dune: Part Two" and its $82.5 million in opening weekend ticket sales.
Persons: King, Shawn Robbins, Robbins, Paul Dergarabedian, Guy, Comscore's Dergarabedian, Disney, Hunter Organizations: Disney, Pixar, Warner Bros, Walt Disney Animation, Marvel, Labor, Comcast, CNBC Locations: North America, Comscore, NBCUniversal
The studio’s latest animated film, “Inside Out 2,” has rocked the lethargic summer box office, becoming the first movie of 2024 to reach $100 million in domestic sales during its opening weekend. Heading for a $155 million weekend per Comscore estimates, the movie marks the most lucrative box office opening since last July’s “Barbie,” which grossed $162 million. According to Comscore and Disney, “Inside Out 2” has also cinched the No. “The story of the summer was always going to come down to how Pixar (‘Inside Out 2’) and Marvel (‘Deadpool & Wolverine’) rebounded,” said Loria. Domestic box office totals since the beginning of May are still down by about 28% compared to this time last year, according to Comscore data.
Persons: Joy, , “ Barbie, , Daniel Loria, Shawn Robbins, Disney’s, Deadpool, , Paul Dergarabedian, Dergarabedian Organizations: New, New York CNN, Disney, Box, showtime, ” Industry, Pixar, Guild, SAG, Marvel Locations: New York, United States
‘Inside Out 2’ Returns Pixar to Box Office Heights
  + stars: | 2024-06-16 | by ( Brooks Barnes | ) www.nytimes.com   time to read: +1 min
Pixar is finally back in fighting form. It was the second-biggest opening weekend in Pixar’s 29-year history, trailing only the superhero sequel “Incredibles 2,” which arrived to about $180 million in 2018. Gross, a film consultant who publishes a newsletter on box office numbers, said of Pixar. “This is a sensational opening.”Based on prerelease surveys that track audience interest, box office analysts had expected “Inside Out 2” to take in about $90 million in the United States and Canada over the weekend. That total would have been strong — on par with opening-weekend ticket sales for the first “Inside Out” in 2015.
Persons: , , ” David A, Gross Organizations: Pixar, Disney Locations: United States, Canada
"A Bug's Life" (1998)"A Bug's Life." PixarIn the second movie ever released by Pixar, an ant named Flik (voiced by Dave Foley) sets out to find others to help save his colony against grasshoppers and ends up recruiting a unique group of allies. Though the movie was successful at the box office, with the release of DreamWorks' "Antz" a month earlier, you're more likely to remember the Lasseter-Katzenberg feud than the films.
Persons: Dave Foley, Lasseter Organizations: Pixar, DreamWorks
Disney | PixarDisney is looking to bring a little joy to theaters with its upcoming release of Pixar's "Inside Out 2." For comparison, 2019's "Toy Story 4" generated $12 million on its Thursday previews and snared $120.9 million for its opening weekend. Only a rare few films would extend beyond that date — usually massive franchise films or blockbuster hits. "Ninety-day windows were always going to be unsustainable," said Jeff Kaufman, senior vice president of film and marketing at Malco Theaters. Box office experts are looking to "Inside Out 2" as a barometer for the health of Pixar and its future.
Persons: Disney, Jeff Kaufman, Daniel Loria, Loria, There's, Scarlet Johannson, Sean Gamble, Luca Organizations: Disney, Pixar Disney, Warner Bros, Pixar, Universal, Malco, Box Office Company, Studios, Hollywood, Lionsgate, Universal —, Paramount, Sony, Fox, Searchlight —, Marvel, Walt Disney Animation Locations: United States, Canada, North America, U.S
And while I would not say that I am the personification of anxiety, if you looked inside my head at the control board of my emotions, anxiety would be in charge more than I’d like to admit. Noah Berlatsky Noah BerlatskyMany people who live with a lot of anxiety would agree that anxiety is not a lot of fun. Anxiety doesn’t just keep Riley from her sleep, though. When I’m anxious, it’s often because I’m worrying about my loved ones. And her maybe obsessive attention and investment gives her some insights that Joy doesn’t have.
Persons: Noah Berlatsky, CNN — I’m, Maya Hawke, Noah Berlatsky Noah Berlatsky, I’m, , Riley, Kaitlyn Dias, , Amy Poehler, Phyllis Smith, ” Riley, Kensington, Kelsey Mann, Meg LeFauve, Dave Holstein, haven’t, you’re, doesn’t, aren’t, Riley isn’t, they’re, Joy, — she’s, Joy doesn’t Organizations: CNN, Pixar Locations: Chicago, Minnesota, San Francisco
‘Inside Out 2’ Review: PUBERTY! OMG! LOL! IYKYK!
  + stars: | 2024-06-12 | by ( Manohla Dargis | ) www.nytimes.com   time to read: +2 min
When a dumpling of an old lady toddles into the animated charmer “Inside Out 2,” she is quickly shooed away by some other characters. Her name is Nostalgia, and those who wave her off — Joy and Sadness included — tell her it’s too soon for her to show up. If you’ve seen “Inside Out” (2015), your tear ducts will already be primed for the sequel. For much of her life, those emotions have been orchestrated by Joy (voiced by Amy Poehler), a barefoot, manic pixie. When “Inside Out 2” opens, Joy is still running the show with Sadness, Anger (Lewis Black), Fear (Tony Hale) and Disgust (Liza Lapira) inside a bright tower called headquarters.
Persons: toddles, , they’ve, Riley, Joy, Amy Poehler, Phyllis Smith, Lewis Black, Tony Hale, Liza Lapira Organizations: Pixar
CNN —The summer movie season typically starts with a bang during the month of May and, particularly, during Memorial Day weekend. Memorial Day weekend (Friday through Monday) movie ticket sales are estimated at $128.3 million, according to Comscore data provided to CNN. In fact, the US box office is on track to have its lowest-grossing Memorial Day weekend since the $117.1 million seen in 1995, when “Casper” haunted the screens — and that’s not even adjusting for inflation. The tepid Memorial Day weekend continues what’s been a lukewarm start to the summer box office, a movie-going season that’s still reeling from the effects of last year’s Hollywood strikes. Industry experts agree that the 2024 box office has been sluggish so far , but remain hopeful that the box office can rebound by the end of the year and beyond.
Persons: it’s, , “ Casper ”, that’s, ” Paul Degarabedian, Comscore, , Max, what’s, ” Dergarabedian, “ Barbie ”, “ Oppenheimer ”, Shawn Robbins, there’s, Degarabarian, Deadpool, ” “ Oppenheimer, Barbie ”, Dory, bloomer, Daniel Loria, ” Loria, ” Disney, Loria, “ Deadpool, Fandango, Robbins, “ That’s, , ” Robbins Organizations: CNN, Guild, SAG, Labor, , Warner Bros, Warner Bros ., Star, Walt Disney Studios, Disney, Box, showtime, Century Entertainment, Writers Guild of America, Pixar, Marvel, Industry Locations: United States,
New York CNN —The summer box office is off to a lukewarm start. Last summer, blockbusters “Barbie” and “Oppenheimer” combined added nearly a billion dollars to the domestic box office, according to Comscore data. “Barring some major overperformances, this summer looks like it’ll be down 20% to 25% in box office grosses between May and August from last year,” said analyst Shawn Robbins, founder and owner of Box Office Theory. Industry experts agree that the 2024 box office has been sluggish so far , but remain hopeful that the box office can rebound by the end of the year and beyond. “Box office earnings have been down largely because of staggered gaps between widely appealing releases in the first half of the year,” said Robbins.
Persons: “ Barbie ”, “ Oppenheimer ”, , Max, ” Paul Dergarabedian, , Shawn Robbins, ” “ Oppenheimer, Barbie ”, Dory, bloomer, Daniel Loria, ” Loria, ” Disney, Loria, “ Deadpool, Fandango, Deadpool, Robbins, “ That’s, , ” Robbins Organizations: New, New York CNN, Guild, SAG, CNN, Labor, , Warner Bros, Warner Bros ., Star, Walt Disney Studios, Disney, Box, showtime, Century Entertainment, Writers Guild of America, Pixar, Marvel, Industry Locations: New York, United States,
‘Summer Camp’ (May 31)Kathy Bates, Diane Keaton and Alfre Woodard in "Summer Camp." The movie, costarring Vanessa Hudgens, follows 2020’s “Bad Boys for Life” (it seems that title’s promise didn’t quite stick). The film looks dutifully creepy, and stars the talented Dakota Fanning (“Ripley”) as an artist who finds herself in a strange forest in Ireland. ‘Cuckoo’ (August 2)Hunter Schafer in “Cuckoo.” NEONStarring “Euphoria’s” Hunter Schafer in her first lead film role, this horror film looks positively creepy and a bit, well, cuckoo. ‘Blink Twice’ (August 23)A scene from “Blink Twice.” MGMJam packed with a starry cast, “Blink Twice” looks like a perfect late summer movie – attractive people, elaborate action sequences, and mindless mayhem.
Persons: Tom Burke, Anya Taylor, Joy, , Max, ” Jasin Boland, Warner Bros . Pictures George Miller’s, Mad Max, Max Saga ”, Charlize Theron, , Furiosa, Chris Hemsworth, , Garfield, Chris Pratt, Mario, “ Garfield, , Pratt, Samuel L, Jackson, Ving Rhames, Nicholas Hoult, Ted Lasso’s ” Hannah Waddingham, Brett Goldstein, Cecily Strong, Bowen Yang, ‘ Ezra ’, Robert DeNiro, Boby Cannavale, William A, Fitzgerald, “ Ezra, ” Wayferer, Robert De Niro, Bobby Cannavale, Rose Byrne, Whoopi Goldberg, Vera Farmiga, Tony Goldwyn, Ezra, Lokiz, Kathy Bates, Diane Keaton, Alfre Woodard, Quantrell Colbert, Eugene Levy, ” Keaton, Martin Lawrence, Will Smith, Frank Masi, Sony Pictures Will Smith, costarring Vanessa Hudgens, Georgina Campbell, Dakota Fanning, “ Ripley, Franka Potente, Tom Tykwer, “ Lola ”, , Marks, Lola, Pixar’s Oscar, Riley, Amy Poehler, Maya Hawke, Stephen Fry, Lena Dunham, “ Wilde, Hong Chau, Jesse Plemons, Atsushi Nishijima, Oscar, Emma Stone, Yorgos Lanthimos, ” costarring Willem Dafoe, Margaret Qualley, Joe Alwyn, Mamoudou, Hunter Schafer, Jodie Comer, Austin Butler, Kyle Kaplan, Elvis, Butler, Costarring Tom Hardy, ‘ Thelma ’, Squibb, Fred Hechinger, Thelma, “ Thelma ”, Lupita, Gareth Gatrell, John Krasinski’s, Lupita Nyong’o, Joseph Quinn, Hounsou, Jamie Campbell Bower, Kevin Costner, Richard Foreman, Warner, ” Kevin Costner, Steve Carell’s, Well Ferrell, Mia Goth, Halsey, ” Justin Lubin, MaXXXine ”, Pearl ”, Elizabeth Debicki, Michelle Monaghan, Lily Collins, Giancarlo Esposito, Kevin Bacon, Scarlett Johansson, Channing Tatum, Dan McFadden, maven, Woody Harrelson costars, Longlegs ’, Maika Monroe, Nicolas Cage, Daisy Edgar, Jones, Anthony Ramos, Glen Powell, Melinda Sue Gordon, Bill Paxton, Helen Hunt, ‘ Deadpool, Ryan Reynolds, Hugh Jackman, Wolverine, Logan, Deadpool, Dìdi ’, Izaac Wang, “ Didi, ‘ Harold, Rel Howery, Benjamin Bottani, Zachary Levi, Harold, Hopper Stone, Crockett Johnson, “ Harold ”, “ Euphoria’s ” Hunter Schafer, Schafer, Dan Stevens, David “, ” Giraudy, Sean San José, Colman Domingo, “ Rustin, ” Colman Domingo, Domingo, ‘ Kneecap ’, ” Curzon, that’s, Michael Fassbender, Josh Hartnett, Ariel Donoghue, Sabrina Lantos, hasn’t, Taylor Swift, Justin Baldoni, Blake Lively, Nicole Rivelli, Colleen Hoover, Costarring Justin Baldoni, Jenny Slate, Hasan Minhaj, Cate Blanchett, Ariana Greenblatt, Kevin Hart, Florian Munteanu, Jamie Lee Curtis, they’re, “ Barbie, Romulus ’, David Jonsson, Andy, Romulus, Fede Alvarez, Priscilla ”, Spaeny –, Sigourney Weaver, Elliot Page, ” Elliot Page, Sam, Costarring Hillary Baack, Wendy Crewson, Channing Tatum’s, Naomi Ackie, Alia Shawkat, Kyle MacLachlan, Christian Slater, Haley Joel Osment, Geena Davis, Zoë Kravitz, Bill Skarsgard, Larry Horricks, Brandon Lee, James O’Barr, soulmate Shelly, Casey Affleck, Laurence Fishburne, Bleecker, Bleecker Street Laurence Fishburne, Saturn, ‘ Reagan ’, Dennis Quaid, Reagan, Rawhide Pictures Dennis Quaid, Ronald Reagan, Penelope Ann Miller, Nancy Reagan Organizations: CNN, Labor, Warner Bros . Pictures, Fury, Garfield, Mario Bros, Academy, , Sony Pictures, Warner Bros, Apple, Pixar, Searchlight, Magnolia Pictures, Squibb, “ Nebraska, Paramount Pictures, , Sony, FBI, Lambs, Universal Pictures, Marvel, Century Fox, Disney, Columbia, Sundance, Warner Bros ., Lionsgate, Galaxy, Oscar, MGM, Bleecker Street, Rawhide Pictures Locations: Hollywood, New York City, Ireland, Berlin, , Poland, Hong, 60s Chicago, “ MaXXXine, “ Longlegs, New York State, , United States
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rate cuts several months awayFederal Reserve Governor Christopher Waller said he does not think further rate increases are necessary, but he will need convincing before backing any rate cuts. Singapore Airlines: one dead, 30 injuredOne person died and 30 people were injured aboard a Singapore Airlines flight that was hit by severe turbulence and forced to land in Thailand. Singapore Airlines Flight 321 encountered "sudden, severe turbulence" about 10 hours into a flight from London to Singapore, the airline said.
Persons: Christopher Waller, Waller, Biden, Jennifer Granholm, Walt Disney, Bob Iger, Jesse Pound, JPMorgan's Marko Kolanovic Organizations: New York Stock Exchange, CNBC, Nasdaq, Nvidia, Dow Jones, Federal, Gasoline, East, Pixar, Studios, Disney, Walt Disney Animation, Singapore Airlines, Singapore Airlines Flight, Boeing, Wall Street Locations: New York City, Israel, Thailand, London, Singapore
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street reaches new highsThe S&P 500 and the Nasdaq Composite rose to fresh record highs as investors await earnings from AI chipmaker Nvidia after the close on Wednesday. Nvidia's shares rose 0.6% with option traders pricing in swings of as much as 9% up or down in reaction to its earnings. Rate cuts several months awayFederal Reserve Governor Christopher Waller said he does not think further rate increases are necessary, but he will need convincing before backing any rate cuts. [PRO] When Nvidia risesCNBC's Ganesh Rao takes a look at six artificial intelligence-related stocks that have historically reacted positively to Nvidia's quarterly earnings.
Persons: Christopher Waller, Waller, Biden, Jennifer Granholm, Walt Disney, Bob Iger, Ganesh Rao Organizations: New York Stock Exchange, CNBC, Nasdaq, Nvidia, Dow Jones, Federal, Gasoline, East, Pixar, Studios, Disney, Walt Disney Animation, CSI, Nikkei, Reserve Bank of New Locations: New York City, Israel, Asia, Hong Kong, Reserve Bank of New Zealand, United States, Japan
One problem: Disney had weakened the Pixar brand by using its films to build the Disney+ streaming service. Starting in late 2020, when many multiplexes were still closed because of the coronavirus pandemic, Disney debuted three Pixar films in a row (“Soul,” “Turning Red” and “Luca”) online, bypassing theaters altogether. At the time — around December 2020 — Disney was pouring money into the streaming service in a wild and ultimately unsuccessful effort to attract up to 260 million subscribers worldwide. As part of the retrenchment at Pixar, “Elio,” a movie about an 11-year-old boy who is inadvertently beamed into space, was delayed. Disney pushed it to June 2025.
Persons: Disney, “ Luca ”, , Robert A, “ Elio, , Pixar’s, Lightning McQueen, Mater Organizations: Pixar, Disney, Hollywood, Marvel, — Disney
Long-expected layoffs are hitting Pixar Animation Studios on Tuesday. Pixar will lay off about 175 employees, or around 14% of the studio's workforce, a spokesperson for parent company Walt Disney told CNBC. Initially, it was reported that 20% of the animation studio's employees would be laid off. When theaters closed during the pandemic, Disney sought to pad the company's fledgling streaming service Disney+ with content, stretching its creative teams thin and sending theatrical movies straight to digital. As a result, no Disney animated feature from Pixar or Walt Disney Animation has generated more than $480 million at the global box office since 2019.
Persons: Walt Disney, Bob Iger, Disney, — CNBC's Julia Boorstin Organizations: Pixar, Studios, CNBC, Disney, Marvel, Walt Disney Animation
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