Avatar: The Way of Water He has a complex mission to complete. Due to the high production cost, James Cameron’s film had to earn a huge amount at the international box office. Although the first weekend was positive, the expected numbers were not reached. So Disney shares are at risk.
According to several analysts, since Dr water way Revenues in China have failed to meet expectations over the past few days. Disney shares fell 4.77%, a point not seen since March 2020. That is, the pandemic has fallen at the same moment as forcing the closure of all cinema halls. And if that’s not enough, Marketwatch Mouse noted that the company could suffer its sharpest decline in stock prices since 1974.
In this regard, Tony Chambers, head of distribution of Disney theaters, has given such an indication This is due to covid restrictions in China. What was said about it was:
“The problem is that no one wants to go to the cinema, because they have been told that Covid is very dangerous. Even if cinema halls are open, they don’t have much desire to go there.”
In this way, it is clear that Avatar: The Way of Water Could be a flop for Disney, although it is still too early to point to the tape as such. We can only wait and see what happens with the new James Cameron film. Will it be able to match the success of its predecessor?
On related topics, you can check our review Avatar: The Way of Water Here. Likewise, James Cameron was scorned after the premiere of this tape.
Editor’s note:
Avatar: The Way of Water is in a rather difficult position. It’s a good movie, and it did well at the box office, but considering how expensive it was, it puts the movie industry in a position where it can’t get the results it already wants.
Through: The Wall Street Journal
