Piper Jaffray's Stan Meyers talks about the huge success of Disney's Zootopia, and how it will help drive value beyond Disney's studio division. Bobbi Rebell reports.
Did you Nokia topping the box office bringing in about 74 million dollars in its US debut. And that brings us to worldwide total to 232. Million by aliens released about three weeks ago to the international market up that's when it retire. So this is really good news for Disney and their animation unit here would mark is Stan Myers he covers the company over Piper Jaffray great to have you think you. Right so dizzy now has has sort of come back what's clear now whether animation unit as a big success. Yeah I mean Disney has has had a lot of success across bullets for main lines Pixar marvel. Lucas film and now Disney animation is animation has lived in the shadows of Pixar for quite some times as acquisition 2006. However. Who has the latest number of films have been extremely successful we have frozen. We had vick's that big heroes six and now Zito is about to. Sort of when you break up it. What they're doing movies that are definitely resonate with people but it's also becoming a bigger market talking about the kids' movie market. In the market is expanding rapidly I think parents. Actually more importantly it's expanding bounce off the screen as well. Disney in particular has taken that really agree now sort of process and to monetizing that that they'll all those new films city there able to month as the theme parks. On TV shows consumer products across the board and that's really been driving their success the terror holistic approach. Have from every angle. What does this do for Disney overall corporate does is it goes for any different areas. But yet this is thought isn't struggle for me the silliest again you know. Yet I mean Disney is sort of a crossroads today with 50% of their business coming from cable networks in particular he has spam that has been sort of struggling a little bit and then moralists the question is if there of what how big is going to be the seller deceleration obvious again. But then the other half of the business and human well. You know theme parks they're opening up Star Wars attractions there hoping opinion does in Shanghai. In China. With. We tee with with consumer products they're opening up. Serve they're there innovating and creating new products to to reach consumers that it diminishing success of course the studio is the court driver that. And with the studious or how they could do it took he would be your pretty optimistic about the numbers here this is only when we get here in the US yeah. And these movies cost about a hundred million to make yeah and a estimates it. Yeah hundred engine when you're going to make fixer RO more expensive. So we have estimated that this whole industry originating milling globally. It's trending to do calls it 600 million. So it happened in the opening weekend as the most important step another question is Howell holed it's as it could be and has beaten frozen. But now a question this Kenneth Cole that so. So much much better much better than you ever thought talk act as if talking really like it. The other stock. Has been sort of under pressure again go back to that ESPN issue the sect's hold of your 20%. We like the stuck with things agree entry point that it will we believed to be agreed films like the company. With 23 films coming out over the next three years and we expect more accelerated growth over the next three years I've seen mastery. So what's your target for just a hundred dollars. I think that it thank you so hot dogs are I thanked his dad Myers he covers Disney over at Piper Jaffray about rebel. This is Reuters.