Universal Studios Outperforms Disney to Become the Top Film Studio of 2023

In a remarkable shift, Disney has been surpassed by Universal Studios for the first time in eight years. In 2023, Universal Studios emerged as the leading film studio, accumulating a revenue of over $4.907 billion, thereby outperforming Disney.

Universal Studios released a total of 24 movies during the year, with several becoming major hits. Notable titles from Universal included Christopher Nolanโ€™s World War II drama โ€œOppenheimer,โ€ the horror film โ€œM3GAN,โ€ and โ€œThe Super Mario Bros. Movie.โ€

Disney, traditionally a frontrunner in the industry, fell to the second position with a total earning of $4.827 billion. Its 2023 releases included โ€œGuardians of the Galaxy Vol 3,โ€ โ€œIndiana Jones and the Dial of Destiny,โ€ and 15 other titles. Despite releasing fewer films than Universal, Disney highlighted in a statement that it still held four of the top ten highest-grossing global releases and three of the biggest domestic releases.

The highest-grossing films were โ€œBarbieโ€ ($1.4 billion) from Warner Bros, followed by Universalโ€™s โ€œThe Super Mario Bros Movieโ€ ($1.3 billion) and โ€œOppenheimerโ€ ($950 million). Disney faced a comparatively subdued year with its Marvel superhero films, which contributed to its drop to second place.

Disneyโ€™s most profitable film of 2023 was โ€œGuardians of the Galaxy Vol. 3,โ€ which grossed $845 million.

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