Walt Disney (NYSE:DIS) is turning to a god for help generating profits. Thor, specifically, the Norse god of thunder -- and in the Marvel comic book universe, a member of the superhero team known as The Avengers.
Chris Hemsworth returns in the role of the hammer-wielding, lightning-controlling warrior in Thor: The Dark World, scheduled for a Nov. 8 release in U.S. theaters. Marvel's U.K. team unveiled the film's first trailer this morning. Disney stock rallied marginally and set a new 52-week high of $62.54 in response:
The Dark World continues where Marvel's The Avengers -- last summer's top-grossing film -- left off, and builds on 2011's Thor. Only this time, instead of fighting Loki, played by Tom Hiddleston, Thor joins forces with his adopted brother to fight something greater. From the film's promo:
Thor fights to restore order across the cosmos ... but an ancient race led by the vengeful Malekith returns to plunge the universe back into darkness. Faced with an enemy that even Odin and Asgard cannot withstand, Thor must embark on his most perilous and personal journey yet, one that will reunite him with Jane Foster and force him to sacrifice everything to save us all.
Color me intrigued. Prolific comic book creator Walter Simonson took over the writing and art for "Thor" from 1983 to 1987, during which time he introduced Malekith the Accursed, a dark elf wielding vast mystical power. The resulting story arcs helped reestablish Thor as a must-read comic. Now it seems Disney is relying on Simonson's spade work to draw in film audiences.
Can the plan work? It has so far. Thor produced $181 million in domestic box office receipts and nearly $450 million worldwide, according to Box Office Mojo. Hemsworth's second appearance as the Thunder God, The Avengers, earned $1.5 billion at the global gate.
Notably, Disney stock has nearly doubled since the company completed its $4 billion acquisition of Marvel Entertainment on Dec. 31, 2009.
In the years since, audiences have taken to comic-book-style serial storytelling in large numbers. And not just at Disney. AMC Networks and Time Warner have hit TV shows in The Walking Dead, a billion-dollar franchise in the making based on the long-running Image Comics series, and Arrow, based on the DC Comics superhero Green Arrow.
Thor is a different breed. An immortal. A king. In command of vast treasures in the otherworldly realm of Asgard. In visiting (conquering?) The Dark World, Disney shareholders are hoping the Thunder God will share the wealth. History says to expect him to do precisely that.
Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of Time Warner and Walt Disney at the time of publication. Check out Tim's Web home and portfolio holdings or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
The Motley Fool recommends AMC Networks and Walt Disney. The Motley Fool owns shares of Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
Why 2017 Was a Year to Remember for The Walt Disney Company
In the future, Disney investors will look back on 2017 as a year of game-changing importance.
Dueling Analysts Debate Netflix, Inc.'s Fourth Quarter
Both the bull and the bear might be mostly right -- they just disagree on what matters most.
Don't Buy the Hype. Star Wars: The Last Jedi Isn't an Epic Fail
There has been a lot of controversy in the media about the success or failure of the latest installment in the Star Wars saga. Let's look at the numbers.