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Disney’s ‘Iron Man 3’ Tops $1 Billion Worldwide

May 17 (Bloomberg) -- Walt Disney’s Co.’s super-hero movie “Iron Man 3” passed $1 billion in worldwide ticket sales, the company said today in an e-mailed statement.

The film from Disney’s Marvel unit had grossed $302 million domestically through yesterday, its 14th day of release, and $699 million overseas in 23 days of showings, the company said. The biggest international market was China with $104 million in sales.

Disney, the world’s largest entertainment company, has cut back on the number of films it releases to focus on ones with global appeal and the potential to be parlayed into other businesses. This week the Burbank, California-based firm announced that a “Marvel’s Agents of S.H.I.E.L.D.” television show, based on its comic book characters, would debut on the company’s ABC network.

Disney shares fell less than 1 percent to $65.96 at 12:14 p.m. in New York. The stock is up 34 percent this year through yesterday, while the Standard & Poor’s 500 Index has added 16 percent.

To contact the reporter on this story: Christopher Palmeri in Los Angeles at cpalmeri1@bloomberg.net

To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net

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