The daily business briefing: July 22, 2019

Avengers: Endgame becomes the highest-grossing film in history, Chinese investment in the U.S. plunges, and more

"Avengers: Endgame" premiere
(Image credit: Charley Gallay/Getty Images for Disney)

1. Avengers: Endgame becomes highest-grossing film ever

Avengers: Endgame officially passed Avatar at the worldwide box office over the weekend to become the highest-grossing film in history. The Marvel superhero movie took in $2.790 billion by Sunday, Disney said, topping Avatar's previous record of $2.789 billion. This is the first time the highest-grossing film worldwide unadjusted for inflation has been a movie not directed by James Cameron since before 1998's Titanic. The milestone for Endgame came nearly three months after it landed in theaters with a huge domestic opening weekend of $357 million and a global opening weekend of $1.2 billion. Another Disney film, the live-action remake of The Lion King, dominated this weekend's domestic box office with a better-than-expected $185 million opening, the biggest domestic opening ever for a Disney remake.

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