After commanding more than $1 billion a the global box office, there’s no doubt ‘The Lion King’ was a roaring success.
Directed by Jon Favreau, Disney‘s live action remake was anchored by Beyonce and Donald Glover – who, together with a stellar cast – brought a mega-wattage of star-power to fuel its dominance at the box office.
Now, a new report crunching the numbers so as to ascertain profitability, has named the 2019 flick one of Disney’s most business savvy ventures to date.
While box office grosses tend to generate the most headlines, the truest indicator of success comes when dissecting a film’s profitability. In short, how much did its studio make back when factoring in its spend on promotion, talent spend, and the like.
Well, a fresh study has re-cemented ‘The Lion King’s potency, with additional insights. Deadline reports:
“After $1.65 billion at the global box office, becoming the seventh highest-grossing movie of all time, Lion King rained $1.2 billion in overall revenues for Disney in global theatrical rentals, home entertainment and TV. Disney didn’t cheap out with a $260M production cost, $145M global P&A spend, and overall costs of $621M. We hear Favreau had a great payday here, taking the lion’s share of $60M participations. Disney walks away with $580M in net profit, 16% more than the half-billion it netted the previous year on Avengers: Infinity War.”
It figures, then, why Disney have reportedly re-upped on their partnership with Beyonce and expanded its scope into one that’s multi-year and multi-title.