Box Office: Disney’s (NYSE:DIS)’Beauty and the Beast’ Posts $350-M Globally

Box Office: Disney’s (NYSE:DIS)’Beauty and the Beast’ Posts $350-M Globally

Box Office: Disney’s (NYSE:DIS)’Beauty and the Beast’ Posts $350-M Globally

$DIS,$TWX,$FOXB,$CMCSA,$LGF,$SNE

Disney’s (NYSE:DIS) Beauty and the Beast opened at the weekend to $170-M from 4,210 theaters at the North American box office. Overseas, the update of the classic musical earned $180-M for a global take of $350-M

The $160-M tentpole is another win for Disney, where studio Chairman Alan Horn, and production chief Sean Bailey have been intent on mining the studio’s classic animated vault and building a stable of live-action movies.

Audiences gave Beauty an A-CinemaScore. Disney reports that 40% of the audience were males, and nearly 50% the audience were adults and teens, a startling stat for a PG family title; the remainder were parents with children.

Warner Bros, a unit of Time Warner (NYSE:TWX), and Legendary’s Kong fell a respectable 53% in its 2nd frame to $28.9-M for a domestic total of $110.1-M. It took in another $38.5-M internationally for a global box office take of $259.2-M. The movie’s main challenge remains recouping its big production budget of at least $185-M.

In its 3rd frame, Fox’s (NASDAQ:FOXB) Logan neared the $200-M mark domestically, grossing $17.5-M for $184-M domestically. The final and 3rd Wolverine movie has earned $500-M at the worldwide box office.

The sleeper hit Get Out placed #4 with $13.2-M in its fourth framefor a domestic total of $133.1-M, and a global take of $136-M for Universal, a unit of Comcast Corp (NASDAQ:CMCSA) and Blumhouse.

Lionsgate’s (NYSE:LGF) faith-based The Shack rounded out the Top 5 with another $6.1-M for a take of $42.6-M so far.

At the specialty box office

TriStar/Sony’s (NYSE:SNE) T2 Trainspotting earned $180,000 from 5 theaters for a location average of $36,000, the best of the weekend after Beauty ($40,380). The long-awaited sequel has already earned more than $34-M overseas, mostly in the UK.

Have some fun, see a movie this week.

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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