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FBN’s Dennis Kneale on how disappointing ticket sales for “John Carter” will affect Disney’s bottom line.
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I coolest failed movie John Carter taken -- tolls on Walt Disney's bottom line the could be -- actually be the company's new superhero.
-- -- -- -- -- -- all eyes on the mouse house that the closing bell the entertainment giant expected to post a billion dollars in net income.
And 12% growth and earnings per share on 5% growth and revenue.
To nine and a half billion dollars now this despite the embarrassing 200 million dollar write down -- -- has taken.
For one of the biggest film flops of all time John Carter.
But Disney stock -- -- on -- terror anyway it's up almost 30% and six months.
Wall Street will be watching for -- points on the economy revenue growth -- theme parks and on Disney cruise ships and ad sales at the ESPN and ABC networks.
Disney stock price actually is a very good forecaster of growth in consumer spending as this chart shows -- the Blue Line attract.
Did -- stock price against -- increases in spending in the past ten years it's been an accurate predictor 80% of the time.
So look -- -- you -- -- down the debacle John Carter.
And focus on the future windfall of the -- the superhero flick the -- broke the US record for biggest film opening of all time.
Now over 640 million dollars worldwide could become the fourth Disney film in three years to pass the boffo.
Billion dollar mark -- -- They -- you know print the money from all the princess is Miley Cyrus I'm an accent still sells but it was the film plus -- that we're all worried about right now the guy in charge John Carter.
-- -- right yeah.
Job and I Mary does three things about this first call Bob -- the CEO did they have not made up his mind yet on who's gonna replace him -- second of all new studio and it will definitely be an outsider to Disney.
And I'm told will not be one leading candidate DreamWorks CEO Stacey Snider.
Though some Hollywood wag -- really rooting for.
-- sick -- of the top.
I don't know that Dennis has Disney -- -- cash cap yes me I mean it seems that way -- -- and ESPN they should be able to.
Absolutely yes online -- -- it would just be a bad memory pretty soon.
