{"id":162983,"date":"2022-12-20T06:41:01","date_gmt":"2022-12-20T06:41:01","guid":{"rendered":"https:\/\/harchi90.com\/disney-stock-on-its-way-to-worst-year-since-1974-after-avatar-sequel-disappoints\/"},"modified":"2022-12-20T06:41:01","modified_gmt":"2022-12-20T06:41:01","slug":"disney-stock-on-its-way-to-worst-year-since-1974-after-avatar-sequel-disappoints","status":"publish","type":"post","link":"https:\/\/harchi90.com\/disney-stock-on-its-way-to-worst-year-since-1974-after-avatar-sequel-disappoints\/","title":{"rendered":"Disney stock on its way to worst year since 1974 after ‘Avatar’ sequel disappoints"},"content":{"rendered":"
\n

\u201cAvatar: The Way of Water\u201d couldn’t reverse Walt Disney Co.’s recent funk, which has the stock on a path for its worst year since 1974.<\/p>\n

Disney shares DIS,
\n -4.77%<\/bg-quote>
\n sank nearly 5% to their lowest level since March 2020 on Monday, after the blockbuster sequel and one of the priciest movies in Hollywood history fell short of the hype in its opening weekend. \u201cAvatar: The Way of Water\u201d hauled in $134 million domestically and had the second-largest global opening of 2022, but fell short of tracking estimates based on advance US ticket sales and disappointed in one of the biggest markets for the franchise, China. <\/p>\n

\n

Disney had hoped to clean up in China, where the first movie in 2009 did blockbuster business. \u201cThe Way of Water\u201d earned $57.1 million there, which Disney described in a Wall Street Journal report as disappointing but understandable.<\/p>\n

\u201cThe problem is nobody wants to go to the cinema, because they’ve been told that COVID is extremely dangerous,\u201d Tony Chambers, Disney’s global head of theatrical distribution, said in the article. \u201cAlthough cinemas are open, the appetite for going to them isn’t really there.\u201d<\/p>\n

The news helped send Disney’s stock down 4.8% Monday, the biggest decline of the day for a Dow Jones Industrial Average DJIA,
\n -0.49%<\/bg-quote>
\n component, to $85.78 \u2014 two cents shy of Disney’s lowest closing price since 2014. \u201cAvatar’s\u201d less-than-stellar start is just the latest setback for Disney shares, which have declined 44.6% this year, putting them on pace for their biggest annual percentage drop since 1974, according to FactSet. The broader S&P 500 index SPX,
\n -0.90%<\/bg-quote>
\n is down 19.9% \u200b\u200bin 2022, and the Dow is down 9.9%. <\/p>\n

Disney stock hit $200 a share at its pandemic-era peak in March 2021, after Chief Executive Bob Chapek revealed early streaming success for Disney+. Chapek was replaced last month by predecessor Robert Iger after Disney missed revenue expectations by roughly $1 billion in the fiscal fourth quarter and provided a disappointing forecast.<\/p>\n

Read more: Disney shocker: Robert Iger to return as CEO, Bob Chapek ousted<\/strong><\/p>\n

Iger returns with some lowered targets \u2014 Disney is now worth $156 billion instead of more than $350 billion at its peak, and analysts have cut 20% from Disney’s earnings expectations for the new fiscal year. But \u201cAvatar\u201d ticket sales this month are expected to fuel the biggest revenue quarter of the year for Disney’s film business, which missed sales expectations by roughly $300 million last quarter.<\/p>\n<\/p><\/div>\n<\/div>\n

.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cAvatar: The Way of Water\u201d couldn’t reverse Walt Disney Co.’s recent funk, which has the stock on a path for its worst year since 1974. Disney shares DIS, -4.77% sank nearly 5% to their lowest level since March 2020 on Monday, after the blockbuster sequel and one of the priciest movies in Hollywood history fell …<\/p>\n

Disney stock on its way to worst year since 1974 after ‘Avatar’ sequel disappoints<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[5],"tags":[2137,207,9268,22911,2146,9271,22912,2144,4580,4564,18245,4562,109,16127,2145,4561,588,4581,2153,9263,3229,327,2148,2142,37409,18244,43478,325],"jetpack_publicize_connections":[],"yoast_head":"\nDisney stock on its way to worst year since 1974 after 'Avatar' sequel disappoints - harchi90<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMifmh0dHBzOi8vd3d3Lm1hcmtldHdhdGNoLmNvbS9zdG9yeS9kaXNuZXktc3RvY2stb24taXRzLXdheS10by13b3JzdC15ZWFyLXNpbmNlLTE5NzQtYWZ0ZXItYXZhdGFyLXNlcXVlbC1kaXNhcHBvaW50cy0xMTY3MTUwNDc5NdIBggFodHRwczovL3d3dy5tYXJrZXR3YXRjaC5jb20vYW1wL3N0b3J5L2Rpc25leS1zdG9jay1vbi1pdHMtd2F5LXRvLXdvcnN0LXllYXItc2luY2UtMTk3NC1hZnRlci1hdmF0YXItc2VxdWVsLWRpc2FwcG9pbnRzLTExNjcxNTA0Nzk1?oc=5\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Disney stock on its way to worst year since 1974 after 'Avatar' sequel disappoints - harchi90\" \/>\n<meta property=\"og:description\" content=\"\u201cAvatar: The Way of Water\u201d couldn’t reverse Walt Disney Co.’s recent funk, which has the stock on a path for its worst year since 1974. 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The company has seen its stock fall more than 40%\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":162641,"url":"https:\/\/harchi90.com\/avatar-2-falls-short-of-box-office-predictions-with-134-million-domestic-debut\/","url_meta":{"origin":162983,"position":1},"title":"‘Avatar 2’ falls short of box office predictions with $134 million domestic debut","date":"December 19, 2022","format":false,"excerpt":"Cinemark president CEO Sean Gamble discusses the opening of 'Avatar: The Way of Water,' the long-awaited sequel to the world's highest-grossing film on 'The Claman Countdown.' \"Avatar: The Way of Water\" has dived below box office expectations after the film's opening weekend. The \"Avatar\" sequel earned $134 million from North\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136547,"url":"https:\/\/harchi90.com\/the-way-of-water-gets-coveted-china-release\/","url_meta":{"origin":162983,"position":2},"title":"The Way of Water’ gets coveted China release","date":"November 23, 2022","format":false,"excerpt":"Set more than a decade after the events of the first movie, \"Avatar: The Way of Water\" tells the story of the Sully familyDisneyDisney's \"Avatar: The Way of Water\" has landed a coveted release in China, a promising sign for a movie that needs big box office sales to offset\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125106,"url":"https:\/\/harchi90.com\/black-panther-wakanda-forever-aims-to-recreate-blockbuster-magic-disney-and-theaters-are-counting-on-it\/","url_meta":{"origin":162983,"position":3},"title":"‘Black Panther: ‘Wakanda Forever’ aims to recreate blockbuster magic. Disney and theaters are counting on it","date":"November 11, 2022","format":false,"excerpt":"new York CNN Business \u2014 \u201cBlack Panther: Wakanda Forever\u201d hits theaters this weekend, and with it comes the type of anticipation and box office expectations that Hollywood has not seen in months. The Marvel movie not only has to follow 2018's \u201cBlack Panther,\u201d one of the biggest blockbusters ever, but\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":168150,"url":"https:\/\/harchi90.com\/the-way-of-water-nears-900-million-at-the-global-box-office\/","url_meta":{"origin":162983,"position":4},"title":"The Way of Water’ nears $900 million at the global box office","date":"December 25, 2022","format":false,"excerpt":"Avatar: The Way of WaterCourtesy: Disney Co. Disney and James Cameron's \"Avatar: The Way of Water\" snared an estimated $56 million during its second weekend in theaters, a 58% drop from its debut.A decline in ticket sales is common for blockbuster titles, with most seeing a 50% to 70% slip.\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":153759,"url":"https:\/\/harchi90.com\/avatar-the-white-lotus-and-afi-best-movies-and-tv-shows-of-2022-the-hollywood-reporter\/","url_meta":{"origin":162983,"position":5},"title":"‘Avatar,’ ‘The White Lotus’ and AFI Best Movies and TV Shows of 2022 \u2013 The Hollywood Reporter","date":"December 10, 2022","format":false,"excerpt":"The American Film Institute has revealed its picks for the best movies and TV shows of 2022. The group's picks for the 10 best films are, in alphabetical order: Avatar: The Way of Water, Elvis, Everything Everywhere All at Once, The Fabelmans, Nope, She Said, T\u00e1r, Top Gun: Maverick, The\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"fifu_image_url":"https:\/\/images.mktw.net\/im-688059\/social","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/162983"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=162983"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/162983\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=162983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=162983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=162983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}