The recent plunge in Disney stock could be because AvatarTheWayOfWater earned less in its opening weekend than originally predicted.
Disney stock dropped almost $5 following the release weekend of Avatar: The Way of Water and has yet to recover. Avatar: The Way of Water is the sequel to the 2009 hit Avatar, and includes new cast members like Kate Winslet and Cliff Curtis. The science fiction film franchise is set in the 22nd century on a fictional planet, Pandora, and was created by James Cameron.
SCREENRANT VIDEO OF THE DAY Following the release of Avatar: The Way of Water, Disney stock took a plummet, dropping from $90.04 per share at the beginning of opening weekend to closing at $85.76 on December 19, per The Wrap. Due to the massive success of the first Avatar in 2009, its sequel was projected to make $525 million worldwide in its first weekend. However, the film only grossed $441 million, which some believe could be the cause of Disney’s stock dropping.
Cameron’s 13-year hiatus between releasing films could be a potential problem with Avatar: The Way of Water’s release, but the break was necessary. The filmmaker recently commented on the pressure of Avatar's sequels, and even considered not making them at all. Some critics worried the break may have an effect on how the sequel is received. However, Avatar: The Way of Water has already earned $609 million worldwide, and its total is still climbing.
Avatar 2 Could Still Be A Box Office Hit Avatar: The Way of Water’s opening weekend earnings have already surpassed the original Avatar’s opening, with a 74% increase without inflation. The film’s initial projections were ambitious, even for a franchise so successful, and its opening weekend was far from disappointing. Even though Avatar: The Way of Water did not hit its projected target, it could still earn enough to please Disney shareholders.
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