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Walt Disney Co investors cheer as new film is a beauty

Monday, March 20, 2017 7:25
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Movie and media giant Walt Disney Co (NYSE:DIS) saw shares rise almost 1% on Monday as its debut of new film ‘Beauty and the Beast’ exceeded expectations.

Shares in New York at the time of writing stood at $112.80 – up 0.92%.

The opening of the Fairy Tale classic reportedly grossed $350 million, $170 million of which was in the USA.

The film stars Emma Watson of Harry Potter fame as Belle and Downton Abbey‘s Dan Stevens as the Beast.

Taking in US$170mln (£137mln) in North America has made it the biggest ever opening weekend for a PG-rated film and even here in the UK B&B raked in an impressive £18.4mln.

Indeed, so successful was Disney’s new version of Beauty and the Beast in its first weekend, there is already talk of B&B 2 and 3 and a franchise of films where for once the ugly man gets the girl.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/175078/walt-disney-co-investors-cheer-as-new-film-is-a-beauty-175078.html

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