FLASH: This live action film is expected to be another winner for Disney (NYSE:DIS), which has captured about 35% of YTD market share, and the east-coast heat wave may boost attendance.
“The Lion King,” Disney’s live-action version of the animated film from Y 1994 and long-running Broadway hit, will roar into theaters this weekend.
Box office expectations are high.
The film features a new original song from Beyoncé and a starry voice cast that includes Seth Rogen, Donald Glover, John Oliver, James Earl Jones, Alfre Woodard, Billy Eichner and Chiwetel Ejiofor, among others, is expected to generate up to $190-M in box office receipts.
That would be more than the Top 10 gross from the same weekend a year ago of just $157-M.
The film should breathe some life into the Q-3 box office and put revenue in positive territory.
Box Office Mojo is expecting the film to garner about $190-M in box-office receipts, above industry expectations that range from $175 to 180-M, boosted by a record launch in 4,725 US locations.
The film is expected to be the biggest hit of the Quarter, despite some muted reviews. It has a lackluster 56% rating on review aggregator Rotten Tomatoes.
Disney is enjoying a strong year for its films, which have garnered about 35% of YTD market share,
Disney shares were down Friday, but have gained 29% in Y 2019, while the S&P 500 has gained 19% and the DJIA has gained 17%
HeffX-LTN’s overall technical outlook for DIS is Neutral to Bullish at the weekending 19 July 2019.
Have a terrific weekend