{"id":166068,"date":"2022-12-23T09:52:01","date_gmt":"2022-12-23T09:52:01","guid":{"rendered":"https:\/\/harchi90.com\/disney-stock-drops-after-avatar-2-posts-441-million-global-opening\/"},"modified":"2022-12-23T09:52:01","modified_gmt":"2022-12-23T09:52:01","slug":"disney-stock-drops-after-avatar-2-posts-441-million-global-opening","status":"publish","type":"post","link":"https:\/\/harchi90.com\/disney-stock-drops-after-avatar-2-posts-441-million-global-opening\/","title":{"rendered":"Disney Stock Drops After &#8216;Avatar 2&#8217; Posts $441 Million Global Opening"},"content":{"rendered":"<div>\n<p>While \u201cAvatar: The Way of Water\u201d is making a run at box office fortune and glory, Walt Disney&#8217;s stock price has yet to recover from a stock tumble seemingly brought about by the sequel&#8217;s slightly softer-than-expected opening weekend.<\/p>\n<p>\u201cAvatar 2&#8217;s\u201d $441 million global opening weekend, 16% below the potentially hyperbolic pre-release hopes of a $525 million worldwide launch, wasn&#8217;t big enough for Wall Street.  The stock tumbled from $90.04 last Friday to $85.76 at market close on Monday, below any other point in 2022 and nearing the 52-week low of $84.69.  It has since recovered slightly, closing Thursday with $86.67.<\/p>\n<p>That&#8217;s still below the recent \u201clow point\u201d price of $86.75 on Nov.  9, just days before the release of Marvel&#8217;s \u201cBlack Panther: Wakanda Forever\u201d and days before the company shocked the world by removing Bob Chapek as CEO and reinstating Bob Iger in the role.<\/p>\n<p>The 3D \u201cAvatar\u201d sequel was projected to open with between $150 million and $170 million in North America, with global projections as high as $525 million.  However, the film opened with $134 million domestic \u2014 plus-74% sans inflation-adjustment from the original $77 million debut weekend for the original \u201cAvatar\u201d 13 Decembers ago \u2014 and $441 million worldwide.<\/p>\n<p><strong>Also Read:<\/strong><br \/>&#8216;The Pale Blue Eye&#8217; Review: Murder Mystery Puts Young Edgar Allan Poe on the Case<\/p>\n<p>The film was also tracking for an over\/under $120 million launch in China, a key overseas marketplace where James Cameron films like \u201cAvatar\u201d ($203 million in 2010) and \u201cTitanic\u201d ($145 million for the 3D reissue in 2012) have flourished .  However, due to a surge in COVID infections and a shifting status quo whereby most Hollywood films that gain admittance into China gross less than might have been expected before 2020, resulted in an opening weekend of $57 million and a current $70 million-and-counting friday.<\/p>\n<p><button class=\"link caas-button collapse-button\" aria-label=\"\" title=\"\" data-ylk=\"elm:readmore;slk:Story continues\">Story continues<\/button><\/p>\n<p>A stronger debut in China, as well as a slightly bigger opening weekend in North America \u2014 possibly\/partially due to audiences waiting until the holiday break when they could more easily get good seats in IMAX, Dolby and related premium large format (PLF) 3D engagements \u2014 might have made up the difference between expectations and reality.<\/p>\n<p>It&#8217;s not the first time a major Hollywood studio has been penalized by Wall Street due to lower-than-projected opening weekends, even for films that would eventually turn out to be strong global hits.<\/p>\n<p>DreamWorks, back when it was an independent publicly-traded company, was hammered in mid-2005 both for \u201cShrek 2\u201d selling fewer DVDs than hoped (35 million copies versus 40 million copies) and partially for expectations that \u201cMadagascar\u201d (an original non-sequel animated film that earned $60 million over Memorial Day weekend) would open closer to the $128 million Wednesday-Sunday debut of \u201cShrek 2\u201d the previous year.<\/p>\n<p>The talking animal toon would leg out to $194 million domestic and $542 million worldwide and spawn two sequels, a spin-off theatrical and a slew of streaming episodic shows.<\/p>\n<p><strong>Also Read:<\/strong><br \/>Majority of Moviegoers Believe Films Released in Theaters Are of Higher Quality Than Streaming Titles, Survey Reveals<\/p>\n<p>Several years later, on Nov.  25, 2013, Lionsgate&#8217;s stock tumbled 10% on the Monday after the $158 million domestic debut of \u201cThe Hunger Games: Catching Fire.\u201d  While higher than the $152 million domestic launch for \u201cThe Hunger Games\u201d the previous year, it was below at least some pie-in-the-sky projections of $175-$185 million.<\/p>\n<p>Later, the second Jennifer Lawrence-as-Katniss Everdeen actioner legged out to $425 million domestic (the year&#8217;s biggest haul, besting the $400 million-plus likes of \u201cIron Man 3\u201d and \u201cFrozen\u201d) and $865 million worldwide on a $130 million budget.<\/p>\n<p>It remains to be seen if strong word-of-mouth and thus far strong post-debut legs (it crossed $600 million worldwide yesterday and may flirt with $900 million worldwide by the end of Christmas Day with another week of holiday play and little competition in early 2023) will mitigate the damage done to the company&#8217;s shareholders.<\/p>\n<p>Unless the film so vastly over performs over the long haul, hard to do when the film&#8217;s own director hyperbolically argued that it needed to top $2 billion worldwide to break even, even a blockbuster performance (say, passing \u201cTop Gun: Maverick\u201d and its $1.49 billion cume as this year&#8217;s biggest global grosser) could do little more than restore Disney&#8217;s stock price to its pre-\u201cAvatar 2\u201d level.<\/p>\n<p><strong>Also Read:<\/strong><br \/>Box Office: &#8216;Avatar 2&#8217; Is Latest Hollywood Blockbuster to Underperform in China<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>While \u201cAvatar: The Way of Water\u201d is making a run at box office fortune and glory, Walt Disney&#8217;s stock price has yet to recover from a stock tumble seemingly brought about by the sequel&#8217;s slightly softer-than-expected opening weekend. \u201cAvatar 2&#8217;s\u201d $441 million global opening weekend, 16% below the potentially hyperbolic pre-release hopes of a $525 &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/disney-stock-drops-after-avatar-2-posts-441-million-global-opening\/\"> <span class=\"screen-reader-text\">Disney Stock Drops After &#8216;Avatar 2&#8217; Posts $441 Million Global Opening<\/span> Read More &raquo;<\/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":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Disney Stock Drops After &#039;Avatar 2&#039; 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The company has seen its stock fall more than 40%\u2026","rel":"","context":"In &quot;Entertainment&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":162353,"url":"https:\/\/harchi90.com\/avatar-sequel-misses-estimates-but-theater-executives-not-concerned-moviegoers-are-waiting\/","url_meta":{"origin":166068,"position":2},"title":"&#8216;Avatar&#8217; sequel misses estimates but theater executives not concerned: &#8216;Moviegoers are waiting&#8217;","date":"December 19, 2022","format":false,"excerpt":"Disney's (DIS) \"Avatar: The Way of Water\" delivered director James Cameron his first $100-million opening weekend \u2014 but missed industry expectations of $170 million-plus.The much-anticipated sequel, which runs 3 hours and 12 minutes, secured roughly $134 million in domestic markets \u2014 tying with Warner Bros.' (WBD) \"The Batman\" as the\u2026","rel":"","context":"In &quot;Entertainment&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117334,"url":"https:\/\/harchi90.com\/marvel-directors-there-will-never-be-another-1-billion-opening-avatar-2-and-dc-hold-my-cape\/","url_meta":{"origin":166068,"position":3},"title":"Marvel directors: There will never be another $1 billion opening.  \u201cAvatar 2\u201d and DC: Hold my cape","date":"November 4, 2022","format":false,"excerpt":"If creativity is the fuel of a Hollywood franchise success, then ego may be its booster rockets. That's one of the takeaways from a new interview in Variety with Joe and Anthony Russo, in which the directors recap their nearly decade-long run at Marvel and discuss their plans for the\u2026","rel":"","context":"In &quot;Entertainment&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":161021,"url":"https:\/\/harchi90.com\/the-way-of-water-clocking-in-below-earnings-expectations\/","url_meta":{"origin":166068,"position":4},"title":"The Way of Water&#8221; clocking in below earnings expectations","date":"December 18, 2022","format":false,"excerpt":"\u201cAvatar: The Way of Water\u201d earned $53 million on its opening day Friday and is now projected to make between $130-$150 million through its opening weekend, Deadline reports.Why it matters: This is slightly below expectations for the long-awaited sequel from director James Cameron, who previously suggested the movie needs to\u2026","rel":"","context":"In &quot;Entertainment&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":162983,"url":"https:\/\/harchi90.com\/disney-stock-on-its-way-to-worst-year-since-1974-after-avatar-sequel-disappoints\/","url_meta":{"origin":166068,"position":5},"title":"Disney stock on its way to worst year since 1974 after &#8216;Avatar&#8217; sequel disappoints","date":"December 20, 2022","format":false,"excerpt":"\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\u2026","rel":"","context":"In &quot;Entertainment&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"fifu_image_url":"https:\/\/media.zenfs.com\/en\/thewrap.com\/85d78f7ee0e5d5e4dd8946f065f114aa","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/166068"}],"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=166068"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/166068\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=166068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=166068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=166068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}