Walt Disney Co Adds One More Feather to the Cap of Hit Films
‘Captain America: Civil War’ is ruling the box office in its second full weekend of release. On the other hand, the Jodie Foster-directed ‘Money Monster’ looks to put up solid numbers in its debut. Starring George Clooney and Julia Roberts, ‘Money Monster’ is eyeing an opening between $14 mn and $15 mn after bringing in $5 mn on Friday, as per studio estimates. The TriStar Pictures film launched in 3,104 theaters and had a budget of $27 mn.
Moviegoers have rated the film positively, as it’s currently tracking a B-plus grade from the audience polling firm CinemaScore. Critics have been lukewarm. ‘Money Monster’ has a tepid 57% rating on the review aggregate site Rotten Tomatoes, and The Times’ Kenneth Turan was particularly harsh in his critique.
He wrote about the film as follows: ‘An attempt at combining a real-time thriller with a shot across the bow to a deceptive financial system, ‘Money Monster’ never achieves plausibility, settling instead for cliched situations and uninteresting characters masquerading as contemporary relevance’. The film stars Clooney as an entertainer TV host who is taken hostage by an irate investor.
Heading into Friday, the film had already grossed more than $223 mn and was expected to tally at least another $70 mn this weekend. The film on Friday brought in more than $19 mn. Disney’s ‘The Jungle Book’ collected $4.2 mn on Friday, but many expect it to finish in second place ahead of ‘Money Monster.’ Wherever it falls, the film is on track to top $300 mn this weekend.
‘The Darkness,’ another newcomer this week, took in $2.1 mn on Friday. The Blumhouse Productions thriller starring Kevin Bacon was on track for an opening in the $5-mn range.
What can be Done about Cable?
Over the past decade, Disney has reinvested its free cash flow in new overseas theme parks, cruise lines, and buying other studios and IPs.
The Motley Fool’s Leo Sun personally believes that Walt Disney Co still has room to keep growing these businesses. Shanghai Disney could be an excellent springboard into the rest of China, and the Star Wars Cinematic Universe is still in its infancy. Leo adds that the firm should keep making smart purchases like Marvel and Lucasfilm to diversify its business for long-term growth.