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Home Business News

Lion King now highest grossing animation movie at $1.3 billion

Joseph Olaoluwa by Joseph Olaoluwa
August 14, 2019
in Business News
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Lion King animation is currently being regarded as the highest grossing animation movie, having grossed over $1.3 billion from different revenue streams, displacing Frozen which stood at $1.276 billion and Incredible 2, according to reports.

Lion King has continued to perform considerably well, making $473.1 million at the domestic box office and $861.5 million overseas. It has also gulped $118 million in China. The movie continued to gain relevance by accruing $50 million from audience in Brazil and France and another $60 million from Great Britain.

[READ MORE: Seyi Makinde’s assets to be verified by Code of Conduct Bureau]

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The great displacement: The success of Incredibles 2 was quite profound as it is one of the greatest animations with a $1.243 billion record grossing until the recent displacement which occurred last week. Lion King’s immense progress since July 19, 2019 has raised a question on how far the movie would go in its continued rise to the top.

The remake of Lion King has continued to grow, re-engineering a new trend of animations and the propensity for success at the box office, even though Director Jon Favreau’s defense posited that the animation has only one live action, with the rest relating to CGI.

Disney’s continued dominance: The continued dominance Disney enjoys, alongside ownership of Fox and Lucasfilm implies that Disney will continue to enjoy ownership of the largest film franchise, thus, monopolizing the control of box office profits with the recent release of Toy Story 4, Aladdin and Dumbo.

[READ MORE: Marvel’s Avengers: Endgame beats Titanic’s $2.12bn box office record]

The Lion King began its debut with $185 million from the box office and has gone from that humble start to over  $1 billion, boosting a domestic box office that has struggled to make its mark so far this year, beginning with Alita, Battle Angel and The Lego Movie 2.


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Tags: AnimationsDisneyLion King
Joseph Olaoluwa

Joseph Olaoluwa

Reincarnated as a lover of stocks, Angel investors, seed funds, and anything aligned to tech or startups raising money, Joseph's work at Nairametrics involves following the money to wherever it leads. Before joining Nairametrics, he won an investigative journalism fellowship with ICIR, appeared in several national dallies, with hard-hitting opinions, features and investigative pieces. He has also engaged in content marketing and copywriting for a top e-commerce firm in Nigeria.

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