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Disney’s Thanksgiving Release “Encanto” Brings A Relief To Box Office Sales

By John F. Heerdink, Jr.

Reportedly, Walt Disney Company (DIS) has regained its rightful place at the top of Thanksgiving box office charts with “Encanto,” its new animated musical fable, with $40 million in sales. Disney releases a family-friendly movie around Turkey Day, and “Encanto,” an animated movie with critical acclaim success serves as a promising sign that viewers are gaining confidence to bring their young kids back to the movies, during the pandemic.

However, the movie’s five-day total is considerably short of the studio’s recent Thanksgiving releases, such as “Frozen II” with $123.7 million in 2019, “Ralph Breaks the Internet” with $84.6 million in 2018, and in 2017, “Coco” with $71 million. but “Encanto” has managed the best opening weekend for an animated film during the pandemic. Moviegoers also feasted on MGM’s A-list crime drama “House of Gucci,” which generated $14.2 million over the traditional weekend and $21.8 million in its first five days of release.


Dow 30 Component, The Walt Disney Company (DIS), and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media. To learn more about this Dow 30 Component, The Walt Disney Company (DIS), and to continue to track its progress please visit the Vista Partners Walt Disney Company, Coverage Page.


Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Disney's 'Encanto' Leads Muted Thanksgiving Box Office, 'House of Gucci' Lands Impressive Debut in Reuters)


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