2017-11-24 11:19:28 | Box Office Battle: 'Coco' looking to take top spot from 'Justice League'"Coco," the latest release from Disney's (DIS) Pixar animation studio, opened at 3,987 locations domestically this past Wednesday, due to the Thanksgiving holiday. The digitally animated film, which is 96% fresh on Rotten Tomatoes and has an 'A' score from CinemaScore, is expected to earn about $54M over the three-day weekend and roughly $77M over the five-day holiday weekend, a bit below the $82M Disney's "Moana" brought in last year over the same weekend. Expected to take second place is last weekend's box office winner, Time Warner's (TWX) Warner Bros' super hero film "Justice League," which is expected to earn about $42M over three days and close to $60M over five days. Earlier this week, in a Forbes article, former studio executive and current film finance consultant Rob Cain estimated that "Justice League" could face a potential $50M-$100M loss on the film, with an estimated return on investment of -13%. Expected to finish in third place is Lionsgate's (LGF.A, LGF.B) drama "Wonder," based on the R.J. Palacio novel, which is expecting a three day total of over $21M and a five day total of $30M-$40M. Other publicly traded companies in filmmaking include 21st Century Fox (FOX, FOXA), Comcast (CMCSA, CMCSK), Sony (SNE), and Viacom (VIA, VIAB). | |
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