Next 'Pirates' Movie Delayed Following 'Long Ranger' Flop (DIS)
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Price: $98.79 +0.75%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: +7.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: +7.7%
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Following the large miss with "The Lone Ranger" over the summer, Disney (NYSE: DIS) has opted to delay release of the fifth in the "Pirates" series.
The film -- "Pirates of the Caribbean: Dead Men Tell No Tales" -- was slated to open July 10th, 2015. Jerry Bruckheimer is expected to produce the film, though he also produced "The Lone Ranger," which might put Disney recording a loss of as much of $190 million this quarter.
"Pirates" has been a successful series for Disney, raking in $3.73 billion in global ticket sales since the debut of "The Curse of the Black Pearl" in 2003, according to Bloomberg-compiled data.
Though Disney didn't specify reasoning behind the move, market speculation pegs script issues as cause of the delay.
Shares of Disney closed 2 percent better Tuesday and are up 26 percent in 2013, versus a move 16 percent higher for the S&P 500 index.
The film -- "Pirates of the Caribbean: Dead Men Tell No Tales" -- was slated to open July 10th, 2015. Jerry Bruckheimer is expected to produce the film, though he also produced "The Lone Ranger," which might put Disney recording a loss of as much of $190 million this quarter.
"Pirates" has been a successful series for Disney, raking in $3.73 billion in global ticket sales since the debut of "The Curse of the Black Pearl" in 2003, according to Bloomberg-compiled data.
Though Disney didn't specify reasoning behind the move, market speculation pegs script issues as cause of the delay.
Shares of Disney closed 2 percent better Tuesday and are up 26 percent in 2013, versus a move 16 percent higher for the S&P 500 index.
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