“Avatar 2” Drops 58 Percent in Second Weekend

As the new movie “The Walt Disney Company” hits theaters, The Walt Disney Co. faces a box office disaster. Avatar sequel plunged 58 percent in its second weekend of domestic release — a huge drop-off considering the first Avatar Only 2% declined in the second weekend of 2009.

The Way of Water Avatar For the weekend ending Sunday, $56million was earned. This is a 58.2 percentage decrease from its debut last week. As bitter cold and snow blanketed large parts of the east and midwest, the bomb cyclone kept most of the country from going to the cinemas this weekend.

So far Avatar 2 has grossed $279.7 domestically — a weak beginning The most anticipated movie of the year. This figure indicates that the movie is not generating repeat viewing as it did in the first film. Avatar to be the highest-grossing film of all time.

[embedded content]

Globally, Avatar 2 The movie has grossed $881.4 Million so far. The movie had an estimated production budget of $460 million, which doesn’t include marketing costs, meaning it will have to gross between $1.5 billion to $2 billion just to break even.

The latest Disney movie, perhaps the most alarming, is that it’s the latest in a series of a growing line of Hollywood blockbusters to flop in ChinaIt earned $57.1 million in its first weekend, far less than the estimated $120 million it was to earn.

The first Avatar China’s biggest hit, it made more than $200 million.

Avatar 2‘s box-office troubles represent the latest financial woes for Disney.

This year has been a bad year for the company’s stock, which is currently at its lowest point since 1974. weak profitability This led to the resignation of CEO Bob Chapek, and the return of Bob Iger, the former CEO.

Disney also picked

*As an Amazon Associate I earn from qualifying purchases