"Moana 2" debuted with a remarkable $221 million during the five-day Thanksgiving holiday, contributing to a record $420 million box office haul, the highest ever for the period. Alongside "Wicked," which earned $117.5 million, and "Gladiator II," with $44 million, this trio revitalized the theatrical market after a challenging year. The success marks a significant rebound, narrowing the box office gap between 2024 and 2023.
Despite a softening advertising market, college football remains a lucrative draw for networks, with Disney's platforms experiencing record viewership this season due to the expanded 12-team College Football Playoff format. Advertisers are seeing increased engagement, with Disney's ad slots proving significantly more effective than competitors. As a result, Disney has sold out most of its advertising spots for the upcoming championship games, reflecting a strong demand for college football content.
Universal’s “Wicked” debuted with a remarkable $114 million domestically, marking the highest opening for a Broadway adaptation, while “Gladiator II” opened at $55.5 million, below expectations. Together, they contributed to a strong box office weekend, with projections indicating continued success through the holiday season.
AMC is poised for a box office rebound with a strong slate of films in 2025 and 2026, despite facing over $4 billion in debt. The company plans to invest $1 billion to $1.5 billion in enhancing theaters and expanding premium large-format screens, while navigating cash flow challenges. Attendance declined 12% in Q3 2024, attributed to a less resonant film slate in Europe and urban areas, but upcoming releases like "Wicked" and "Gladiator II" may improve performance.
Walt Disney Co. has reported a profit of $321 million from its streaming services, including Disney+, Hulu, and ESPN+, marking the second consecutive quarter of profitability for the unit. This success positions Disney among the leading legacy media companies now generating revenue from direct-to-consumer streaming, as it aims for $1 billion in streaming profit in the upcoming fiscal year.
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