Tuesday 20 December 2022

'Avatar' sequel misses estimates, but theater executives not concerned: 'Moviegoers are waiting'

'Avatar' sequel misses estimates, but theater executives not concerned: 'Moviegoers are waiting'

Disney's (DIS) "Avatar: The Way of Water" delivered director James Cameron his first $100-million opening weekend — 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 — tying with Warner Bros.' (WBD) "The Batman" as the fifth-highest opener of 2022, according to Comscore data. Disney, which saw shares slump 3% in early trading on Monday, had anticipated a range between $135 million to $150 million.
Read more: https://finance.yahoo.com/news/avatar-sequel-2-way-of-water-box-office-opening-weekend-150625562.html?source=Snapzu

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