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Disney Jumps After Settling With Johansson in Dispute Over Black Widow Release By Investing.com

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© Reuters.

By Dhirendra Tripathi

Investing.com – Disney stock (NYSE:)  rose 3.5% Friday as the entertainment giant settled a dispute with Scarlett Johansson over the release of Black Widow.

Terms of the deal weren’t disclosed.

Johansson took the company to court against their decision to stream the film on Disney+ at the same moment as the theatrical release. This was she claimed violated the agreement between them. She claimed that the studio sacrificed the film’s box-office collections to boost its fledgling streaming service. Disney Johansson, however, was compensated $20 million for his role in the film.

This case, which had huge implications for everyone — studios and stars alike — was well-received. Now that streaming is firmly established in Hollywood, the studios must plan for their releases as well as streaming.   

Black WidowThe Hollywood Reporter reports that $379 million has been made at the worldwide box-office to date.  

Although the theatre ticket sales company is required to contribute about half of its revenue, the company keeps 100% of all revenue generated by the platform’s digital content. Black WidowThe first Marvel movie Disney had released in theaters for more than two decades was this film.  

International rollout of the film began on July 7th, which was Wednesday. A preview took place in the United States the following day, one day prior to its official release. Disney estimated that online sales of the movie generated over $60 million worldwide through direct-to-consumer Disney+ Premier Access platforms from Thursday to Sunday.

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