Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Disney shares lost 45% since the beginning of the year


December, 20 2022
watermark Economic news

According to the results of Monday's trading, the share price of Walt Disney Co fell by 4.8%, to the lowest level since March 2020, due to news about the film «Avatar: The Way of Water». Securities became the leader of the decline among the components of the Dow Jones stock index.


In general, the drop in stock prices of the world's largest entertainment and media company since the beginning of this year has almost reached 45%, which is the worst indicator since 1974. For comparison: The Dow Jones dropped by 9.9%, the S&P 500 – by 19.9% over the same period.


James Cameron's new film «Avatar: The Way of Water» earned $134 million in theaters in the United States and Canada in the first weekend after the premiere, not meeting forecasts. Analysts on average expected that the fees of the long-awaited sequel would amount to $ 175 million, and Disney management predicted them at $ 135-150 million.


Representatives of the company note that the reason for the low fees was the deterioration of the epidemiological situation associated with COVID-19 and the reluctance of residents to visit cinemas. 


The first «Avatar», released in 2009, holds the title of the most successful film in history: its worldwide collections exceed $2.9 billion. At the same time, it grossed only $77 million at the international box office in the first week. The fees of «Avatar: The Way of Water» at the international box office amounted to $300.5 million.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.