Thanksgiving Box Office: Disney's 'Wish' Falls Short, Apple's 'Napoleon' Surprises
Portfolio Pulse from Benzinga Neuro
Disney's 'Wish' underperformed at the Thanksgiving box office, earning $31.7 million over five days, while Apple's 'Napoleon' exceeded expectations with $32.5 million in the same period. Disney's recent releases have been disappointing, as acknowledged by CEO Bob Iger, and 'Wish' continues this trend. 'Napoleon's' success contributes to a positive outlook for Apple's film financing endeavors.
November 27, 2023 | 3:16 am
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Disney's 'Wish' underperformed at the Thanksgiving box office, which may continue the trend of disappointing earnings for the company's recent film releases.
The underperformance of 'Wish' at the box office is likely to contribute to a negative sentiment among investors, especially following CEO Bob Iger's admission of recent films not meeting quality standards. This could lead to a short-term negative impact on Disney's stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Apple's 'Napoleon' outperformed expectations at the box office, indicating a successful venture into film financing for the tech giant.
The success of 'Napoleon' could reflect positively on Apple's stock as it showcases the company's ability to diversify its revenue streams and succeed in new ventures. However, as Apple's primary business is not in film, the impact may be moderate.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60