Disney’s (NYSE:DIS) ‘Lion King’ is Expected to Rule the Box Office This Weekend

Disney’s (NYSE:DIS) ‘Lion King’ is Expected to Rule the Box Office This Weekend

$DIS

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

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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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