Walt Disney shares hit their lowest level this year after the opening weekend earnings for the new Avatar film “disappointed expectations”, according to CommSec’s Tom Piotrowski.
Mr Piotrowski said Avatar: The Way of Water generated $US134 million in its opening weekend in North America, however analysts were expecting figures “significantly higher” at around $US175 million.
“There are comparisons being made to the first Avatar film in 2009 which actually went on to become the highest-grossing film,” he told Sky News Australia.Presented by CommSec.
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