Hold on to your Mickey ears, folks! An exciting wave of news has hit the Disney universe, and it’s positively thrilling.
Walt Disney Company’s shares saw a delightful uptick this Monday, buoyed by the box office sensation of “Deadpool & Wolverine.” This Disney/Marvel collaboration blazed a trail, raking in a staggering $36.5 million globally on IMAX alone. This propels it to the top as the biggest IMAX opening for any R-rated and July release, not to mention it’s the eighth biggest IMAX opening ever and the most significant since “Avatar: The Way of Water.”
But that’s not all! “Deadpool & Wolverine” shattered records across the board, debuting with an unprecedented $205 million domestically for an R-rated film. Adding to its glory, it smashed through AMC Entertainment Holdings’ merchandise sales, overtaking even “Despicable Me 4” to rank as AMC’s second-highest merchandise program ever!
AMC CEO Adam Aron was all cheers, attributing this summer’s resurgence in moviegoers to blockbusters like “Deadpool & Wolverine,” alongside “Inside Out 2” and “Despicable Me 4.” It seems fans just can’t resist the allure of the big screen this season.
Looking ahead, Disney is set to unveil its third-quarter earnings on August 7th before the market opens. Investors are eagerly anticipating an estimated earnings per share (EPS) of $1.19 and projected revenue of $23.03 billion. The buzz around this reveal could add further magic to Disney’s financial journey.
Disney shares, according to Benzinga Pro, were trading up by a pleasant 2.39%, landing at a comfortable $92.08. It looks like Disney’s financial fairy tale continues to enchant investors and fans alike.
What are your thoughts on this blockbuster news? Share your excitement in the comments below and spread the magic by sharing this story with fellow Disney enthusiasts!
Source: Vaishali Prayag
