Disney's 'A Christmas Carol': Investors not in a merry mood?

Filed under: General Electric (GE), Walt Disney (DIS), Sony Corp ADR (SNE), Film

Disney (DIS) had high hopes for A Christmas Carol. It was supposed to be an unqualified blockbuster. Unfortunately, the film's first weekend at the box office was nothing short of a disaster.

Too strong? Hardly. According to early estimates at Box Office Mojo, Carol took in little more than $30 million at domestic screenings. It was wasn't supposed to be like this. Carol was supposed to be light-years ahead of the competition. Sony's (SNE) Michael Jackson's This Is It came in second. The Men Who Stare at Goats, distributed by Liberty Capital Group's (LCAPA) Overture Films, was third. And The Fourth Kind, from General Electric's (GE) Universal, is currently ranked, aptly enough, in fourth place. Each of the latter three pictures had a gross of somewhere between $12 million and $14 million. To me, Carol's take didn't seem as disproportionate as it should have been.

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Disney's 'A Christmas Carol': Investors not in a merry mood? originally appeared on BloggingStocks on Mon, 09 Nov 2009 09:30:00 EST. Please see our terms for use of feeds.

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