Posted on 12/20/2022 12:44:43 PM PST by Red Badger
Shares in Disney have dropped by nearly 5% in response to a disappointing debut for its highly anticipated "Avatar" sequel "The Way of Water."
Why it matters: Investors are looking to see whether Disney can increase profitability in its traditional businesses, like theaters and parks, as its streaming losses continue to mount. "Avatar: The Way of Water" needs to bring in at least $2 billion globally over its lifetime to reach profitability.
* Its performance will determine whether the famous James Cameron movie franchise lives on past its second installation.
Details: The sci-fi sequel brought in $134 million in its domestic debut, per Comscore, less than the roughly $150 million Disney initially expected.
* Disney lowered its full-weekend projections on Saturday after the film brought in $53 million in its first two days domestically.
* Despite little competition at the box office over the weekend, the film wasn't able to lure as many moviegoers as previous hits this year.
* "The Way of Water" was the sixth-highest domestic opener of the year, following Disney's "Doctor Strange in the Multiverse of Madness" ($187 million), Disney's "Black Panther: Wakanda Forever" ($181 million), Universal's "Jurassic World: Dominion" ($145 million), Disney's "Thor: Love and Thunder" ($144 million) and Warner Bros.' "The Batman" ($134 million).
Yes, but: Despite lower-than-expected results, the film still opened as the top film in every market it was shown in globally, helping it bring in $301 million internationally for a total of $435 million in its worldwide debut.
* That total made the "Avatar" sequel the third-highest global weekend debut in the pandemic era, per Comscore.
* "Cameron's films have always been marathon runners, not sprinters, so it's the final gross that will be key," Comscore's senior media analyst Paul Dergarabedian told Axios last week.
By the numbers: The first "Avatar," which came out around the same time in December 2009, grossed $77 million during its opening weekend.
* Even the most successful of films have an average drop-off of around 40% in their second weekends."Avatar" dropped less than 2% to earn $75 million over that year's Christmas weekend.
* "Top Gun: Maverick," the highest-grossing domestic release of 2022, dropped 26% during its second weekend in early June.
Is it because its more woke crap?
People are tired of spending their hard earned money on liberal woke subliminal messages.
Kind of.
White man bad.
Military bad.
Living like stone age people good.
Same story line as before, apparently.................
People are afraid to go and see a movie that takes place mostly underwater because Greta and Klaus have told us that is our future if we don’t stop burning fossil fuels.
Second “installation”?
Aquasmurfs?
Is what because of woke crap? That it almost brought in $1/2B in its debut? Not bad for some woke crap.
"the film still opened as the top film in every market it was shown in globally, helping it bring in $301 million internationally for a total of $435 million in its worldwide debut."
There’s 3rd planned in 2024...............
They were leaving lots of money on the table.
1. People are broke due to Biden-flation, so they’re cutting back on things like movies.
2. People are voting with their wallets against the woke agenda and its corporate enablers.
My wife went with a friend and loved it. I would say her taste in movies is far different than mine. But I haven’t seen it yet. And likely won’t until it’s on cable.
The first one was woke crap but it was so innovative that I did watch it. I’ll pass on this preachy, virtue-signaling nightmare.
“the film still opened as the top film in every market it was shown in globally, helping it bring in $301 million internationally for a total of $435 million in its worldwide debut.”
Woke crap is perfect for Europe, not so perfect in the USA.
You sound worried about your Disney stock.
its always like that... I was enjoying the new Adams Family sequal Wednesday and then it just had to happen... The scene where it appears the little blonde girl is blowing a black guy... I immediately cut out of it and went back the Netflix menu. Fkrs just HAD TO to put that in there. the movie would not be complete without it in their warped fkn minds...
Dances with Smurfs.
e*
C’mon man…should have put more gay, tranny, liberal, characters in it…
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