Business News
Lion King now highest grossing animation movie at $1.3 billion
Lion King has topped the highest grossing animation, at the rate of over $1.3 billion, displacing Frozen which stood at $1.276 billion.
Published
2 years agoon
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]
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.
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.
Hospitality & Travel
MMA2 imports new x-ray machines from US
MMA2, Lagos took delivery of new x-ray machines ordered by Bi-Courtney Aviation Services Limited (BASL) to upgrade its facilities.
Published
5 hours agoon
March 5, 2021
The Murtala Muhammed Airport, Terminal 2, Lagos has taken delivery of new x-ray machines ordered by Bi-Courtney Aviation Services Limited (BASL) to upgrade its facilities on Friday.
This was disclosed by the Group Corporate Affairs Manager of BASL, operator of MMA2, Mikail Mumuni, in a statement on Friday.
He said, “The equipment imported from the US arrived the Murtala Muhammed International Airport, Lagos Wednesday night from where they were later moved to MMA2.
”Installation of the x-ray machines and air conditioners will commence on Friday evening and that this would be completed within one week.”
The BASL spokesperson quoted the acting Head of Business of the company, Mr. Ralph Uchegbu as saying that “the installation of the new X-ray machines and air conditionals will further reinforce the status of MMA2 as the nation’s pre-eminent airport terminal in terms of customers security and comfort.”
What you should know
- BASL recently announced that it had invested over $500,000 massive upgrading of its X-ray machines and air conditioning systems for passengers safety, security and comfort.
Corporate Press Releases
Peter Obaseki retires as Chief Operating Officer of FCMB Group Plc
Mr Peter Obaseki, the Chief Operating Officer of FCMB Group has retired from the financial institution.
Published
7 hours agoon
March 5, 2021By
NM Press
The Board of Directors of FCMB Group Plc has announced the retirement of Mr. Peter Obaseki, the Chief Operating Officer of the financial institution, with effect from March 1, 2021. He was also an Executive Director of the Group.
His retirement was approved at a meeting of the Board of the Group on February 26, 2021. This has also been announced in a statement to the Nigerian Stock Exchange (NSE) by the financial institution.
The Chairman of FCMB Group Plc’s Board of Directors, Mr Oladipupo Jadesimi, thanked Mr. Obaseki for his valuable service and excellent support to the Board for many years.
FCMB Group Plc is a holding company divided along three business Groups; Commercial and Retail Banking (First City Monument Bank Limited, Credit Direct Limited, FCMB (UK) Limited and FCMB Microfinance Bank Limited); Investment Banking (FCMB Capital Markets Limited and CSL Stockbrokers Limited); as well as Asset & Wealth Management (FCMB Pensions Limited, FCMB Asset Management Limited and FCMB Trustees Limited).
The Group and its subsidiaries are leaders in their respective segments with strong fundamentals.
For more information about FCMB Group Plc, please visit www.fcmbgroup.com.
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