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Disney’s ‘Deadpool & Wolverine’ Tops $1 Billion

“Deadpool & Wolverine” global box office tops $1 billion, reviving the Marvel Cinematic Universe and boosting Disney stock.

By Douglas A. McIntyre
Published August 12, 2024, 6:40am ET · 2 min read

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The global box office so far for “Deadpool & Wolverine” posted total revenue of $1.029 billion as of the weekend, only the second R-rated movie to do so. It should pass “Joker,” which is number one on the list, in a few days. Walt Disney Co. (NYSE: DIS) could use the good news as its battered stock has fallen 29% in the past year, while the S&P 500 is up 28%.

The movie is part of the Marvel Cinematic Universe, which has posted $30 billion in revenue over time, much of which has been from sequels with superheroes, including Spider-Man, Captain America, and Black Panther. Disney bought Marvel in 2009.

“Deadpool & Wolverine” is partially based on the Deadpool character. The first Deadpool movie, released in 2016, had a global box office total of over $700 million. The Wolverine character has mostly appeared in movies from the X-Men franchise.

“Deadpool & Wolverine” has a 95 rating among audiences at movie critic site Rotten Tomatoes. Critics have been less generous. They give it a rating of 78.

The question Disney has to answer is whether “Deadpool & Wolverine” is a “one-hit wonder” or if Disney can restart the remarkable success of the Marvel franchise. That, by itself, could help Disney’s stock.

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Douglas A. McIntyre

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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