Disney (DIS) - Get Report has developed a winning movie strategy that trumps even its widely-criticized declining ESPNsubscribernumbers, according to comScore senior media analyst Paul Dergarabedian.

"It's worth investing in for its studio business," he said. "The future is so bright and you hope that the rising tide will raise all of its ships."

The media company reported a 21% year-over-year increase for its studio segment operating income for Q2 to $656 million vs. the already optimistic $528 million expected. "Our studio's extraordinary run continues," Disney CEO Bob Iger said during Tuesday's earnings call. However studio revenue did take a slight dip of 1% year-over-year to $2.03 billion since last year had the benefit of Star Wars: The Force Awakens and Zootopia.

Disney's movie business has benefited greatly from acquiring Marvel, Lucasfilms and Pixar, Dergarabedian noted. "Those deals have put Disney in an incredible position to always have a deep bench of varied films to release," he said. In fact, Disney has such a big slate of films to release each year that it has the high-class problem of having to move around release dates like a chess board, he said.

This year, Disney's Beauty and the Beast has broken a number of records, including highest-grossing March weekend release with $170 million at the box office domestically. As of May 7, the film also stole the title of highest-grossing PG-rated film from Pixar's summer 2016 release Finding Dory. Beauty and the Beast has now grossed $1.187 billion worldwide vs. Finding Dory's 1.03 billion. "When don't Disney's films hit $1 billion these days?" Dergarabedian said in good humor.

"Beauty and the Beast is the latest in an impressive list of wildly successful films including Maleficent, Cinderella and Jungle Book and we've got more on the way including The Lion King, Dumbo, Aladdin and Mulan," Iger explained in the earnings call.

The head of Disney is referring to Disney's successful reboot strategy that began with Alice in Wonderland in 2010, which garnered more than $1 billion worldwide. Other successes include Maleficent (2014, $758.5 million worldwide), Cinderella (2015, $543.5 million worldwide) and The Jungle Book (2016, $966.6 million worldwide). This is a good sign for Disney considering it has at least eleven classic film remakes planned for the next few years.

Disney has already had a second film pass the coveted $1 billion mark at the box office in 2017 -- Rogue One: A Star Wars Story. In addition, Marvel's Guardians of the Galaxy Volume 2 opened up at number one this past weekend and has already grossed $441.4 million at the box office. Disney is building on this momentum -- literally -- by opening a Guardians of the Galaxy attraction at Disney's California Adventure later this May.

The powerhouse studio's next two films are sequels to already successful film series.

Pirates of the Caribbean: Salazar's Revenge is due out May 26. The first four films in the Pirates of the Caribbean series starring Johnny Depp as Captain Jack Sparrow grossed $654.3 million, $1.1 billion, $963.4 million and $1 billion, respectively. The second Disney film due out this summer is Cars 3, due out July 14. The first two films in this animated series about talking cars generated $462.2 million and $562 million, respectively.

While at least a dozen sequels released last summer did not perform up to expectations, Disney seems to be the exception, Dergarabedian noted. "Disney is banking on sequels and it seems to work for them," he said. However, even Disney isn't immune to market forces. To stay in the game, Disney has an enormous pressure to turn out high-quality sequels and remakes. "Disney doesn't release small movies," he said.

Other upcoming films expected to add to the company's top line include Pixar's Coco, out this Thanksgiving, Star Wars: The Last Jedi, out in December, and four Marvel releases in the next 14 months: Thor: Ragnarok, Black Panther, Avengers: Infinity War and Ant-Man and the Wasp. "Fans are especially excited about Infinity War, which brings the Avengers and the Guardians of the Galaxy together on screen for the first time ever, along with many, many more great Marvel characters," Iger commented. "We've been thrilled with the creative momentum at Disney's live-action Studio."

Further out, Disney expects to release Frozen 2 in 2019, which Iger refers to as "one of the most anticipated sequels in animation history." Since fans can't seem to 'let it go,' Disney is also opening Frozen the Musical in Denver this summer before moving it to Broadway next spring.