On Thursday, Disney (DIS) announced that a sequel for ‘Frozen’ is now in development. Here’s what the news means for mutual fund investors.
Inside the News
At Thursday’s shareholders meeting, Disney made the expected announcement that there will be a Frozen 2. The news sent shares soaring over 4%, as the original movie was the highest grossing animated movie ever.
Disney also announced that ‘Star Wars: Episode VIII’ will be released on May 26, 2017.
The Movie Sales Were Just the Beginning...
When the first Frozen was released, movie sales totaled $1.3 billion, making the movie the highest grossing animated movie ever. Movie sales were just the beginning, retail stores stocked their shelves with Frozen merchandise, and the profits continued. Over the holiday season, one in five parents bought Frozen-related items for their children, and consumer products profits soared 46%.
With a second movie on the way, the excitement for the Frozen brand is likely to continue. Since the release of the first movie, Disney shares have gained over 55%.
Mutual Funds to Watch
Investors interested in DIS may also consider a mutual fund as an alternative to owning the individual stock. The funds below currently hold the largest stakes in DIS.
|VTSMX||Vanguard Total Stock Index Fund||1.55%|
|VFINX||Vanguard 500 Index||1.01%|
The Bottom Line
The funds above are a great way for investors to gain exposure to a diverse bundle of securities and industries. Investors interested in Disney may also be interested in SeaWorld Entertainment (SEAS) and Time Warner (TWX).
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