Avatar 2 May Make Disney Lose Money? What's Your Christmas Movie List?
Avatar: The Way of Water was theatrically released on 16th December.
As of last weekend, Avatar 2 delivered a confirmed $307.6m in 52 international markets plus $134m in North America, combining for a confirmed $441.6m worldwide. The worldwide opening reps the 3rd highest global weekend posted by any Hollywood film during the pandemic era.
The Sequel Has Polarized Comments
Comments from Rotten Tomatoes
Comments from Rotten Tomatoes
Have you watched Avatar 2 yet?
How do you comment this sequel?
Avatar 2 Might Lose Money?
How expensive is “Avatar: The Way of Water”? Early reports have claimed the estimated budget of $350–460 million. It is one of the most expensive films ever made.
Cameron said that
his sequel budget was so high it represented “the worst business case in movie history."
You have to be the third or fourth highest-grossing film in history. That’s your break even.”
On the current chart of highest-grossing movies worldwide, Cameron’s original 2009 “Avatar” ranks at the top with 2.9 billion. Disney’s “Avengers: Endgame” is in second position with 2.7billion, while Cameron’s “Titanic” remains in the third slot with 2.1 billion.
Although the first week witnessed healthy box office data, Avatar 2 doesn't present a strong momentum to fulfill the directors' 2 bln goal.
Experts' comments on $Walt Disney(DIS)$
BofA Securities analyst Jessica Reif Ehrlich said
if the movie does well, it could drive revenue streams for Disney, and if it doesn’t do well “there could potentially be a write down.”
Wells Fargo gives Disney theprice target of $125, which implies 46% upside from Monday’s close.
Fandango polled over 5,000 fans and here are the 10 most anticipated films of 2023. @JamesGunn's #GOTGVol3 on becoming the first Guardians Of The Galaxy movie to toptheannual Most Anticipated list.
What movie are you most excited to watch on the big screen?
What movie do you plan to watch on Christmas?
Are you bullish on Disney or not?
Share your thoughts in the comment section to win tiger coins~
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
