Disney's movie, "John Carter", generated only $30.6 million in its first weekend. Despite the weak opening, S& P sr. media & entertainment analyst, Tuna Amobi, maintains a "buy" on Disney stock.
Studios have repeatedly pledged in the 25 years since to modernize their clubby business practices, but the more Hollywood promises change, the deeper it seems to fall into its ruts — as evidenced by “John Carter,” a big-budget science fiction epic from Walt Disney Studios that opened Friday and flopped over the weekend. The New York Times reports.
Take a look at some of Monday morning’s early movers:
CNBC'S Mary Thompson reports on Disney's new cruise ship, "Fantasy", with Disney CEO, Bob Iger.
Disney's newest ship, Fantasy, will be christened in New York on Thursday at 630pm. CNBC's Mary Thompson spoke with Disney CEO Bob Iger.
The Fast Money traders always enjoy hearing from you. On Monday our pros tackled your questions about Johnson & Johnson and Disney.
Stocks abruptly turned mixed in the final seconds of trading Monday, with the Dow ending in negative territory, while the S&P 500 still managed to log its best close since June 2008. Still, the Dow and the S&P 500 are both on track to posting their best February since 1998.
U.S. stock index futures were lower Monday, tracking losses in European shares, after the G20 told Europe over the weekend it must commit mor ecapital to fight the debt crisis before seeking more help.
Take a look at some of Monday morning's early movers:
Just how strong is the U.S. economy right now? Good question. Tough answer. We picked four specific segments of the consumer economy and are taking a look inside the stocks to find some answers. Hotels. Restaurants. Theme parks. Appliances.
Gold prices are up, but that’s not the only thing that makes Sunday’s Oscar wins more valuable than those in years past. Here’s why this year’s Academy Awards could be worth more than ever.
It seems that the end of obsolescence is back for more blood. This time its unwary victim is the film industry.
A new agreement widening access in China to films from around the world, effectively guarantees, at least for the foreseeable future, that only Hollywood’s most fantastic enterprises will be admitted to China on a favored basis, since those dominate the premium formats specified in the trade deal.
ESPN says it fired an employee responsible for an offensive headline about Knicks sensation Jeremy Lin.
CNBC's Julia Boorstin has the numbers from Discovery Communications and analysts are stil worried about Oprah's flagship network, OWN.
Discussing the best plays in the media space, with Barton Crockett, Lazard Capital entertainment analyst, and David Bank, RBC Capital Markets analyst.
The latest surge in Apple's stock is not due to speculation about its next revolutionary product, but rather the possibility of a dividend, or even a share split, traders said.
Stocks came off their lows but still logged a weekly decline, with the S&P and Nasdaq snapping a 5-week winning streak, following stalled debt talks in Greece, some disappointing economic reports and after S&P downgraded a handful of Italian banks.
Stocks squeezed out small gains in a thin, choppy session Wednesday, with the Nasdaq hitting multi-year highs, but gains were limited as Greek debt negotiations came to another halt.
The Street was disappointed by lower-than-expected revenues from Disney’s earnings report on Wednesday, but investors should care more about the company’s multiple, said David Bank, media analyst for RBC Capital Markets.