Movie Stigma Hits Disney's (DIS) Iger Again (NWSA) (CMCSA)
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Too early to extend Bob Iger's contract?
Disney (NYSE: DIS) is reeling on Monday following box office numbers for the long 4th of July holiday weekend.
Taking the top spot was "Despicable Me 2," by Comcast's (Nasdaq: CMSA) Universal Pictures. The move grossed about $142 million for the holiday.
Disney's "The Lone Ranger" took in just $50 million. Notably, while its estimated that "The Lone Ranger" cost over $200 million to make, "Despicable Me 2" was done for around $76 million.
Fox's (Nasdaq: NWSA) "The Heat" was third in its second week with total gross of $86.4 million.
Last week, Disney extended the contract of Iger as CEO through June 30, 2016. With the "John Carter" Event still fresh in everyone's mind ($250 million budget, gross of just $73 million), Disney brass might be rethinking its movie strategy.
Shares of Disney are up 1.5 percent.
Disney (NYSE: DIS) is reeling on Monday following box office numbers for the long 4th of July holiday weekend.
Taking the top spot was "Despicable Me 2," by Comcast's (Nasdaq: CMSA) Universal Pictures. The move grossed about $142 million for the holiday.
Disney's "The Lone Ranger" took in just $50 million. Notably, while its estimated that "The Lone Ranger" cost over $200 million to make, "Despicable Me 2" was done for around $76 million.
Fox's (Nasdaq: NWSA) "The Heat" was third in its second week with total gross of $86.4 million.
Last week, Disney extended the contract of Iger as CEO through June 30, 2016. With the "John Carter" Event still fresh in everyone's mind ($250 million budget, gross of just $73 million), Disney brass might be rethinking its movie strategy.
Shares of Disney are up 1.5 percent.
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