Disney’s high-tech re-imagining of the 'Lion King' is expected to lord over the multiplex once it hits theaters Thursday night.
The Walt Disney Co. doesn’t have to wait to be king, unlike the little cub Simba. But the release of its latest remake, “The Lion King,” should further cement the company’s rule at the box office.
Four of the top five movies at the global box office in 2019 have been released by Disney: “Avengers: Endgame,” “Captain Marvel,” “Aladdin” and “Toy Story 4.” The exception, “Spider-Man: Far From Home” , was released by Sony Pictures, but co-produced by Disney’s Marvel Studios. “It’s not like the industry’s falling apart, but there’s definitely been a lack of depth,” said Eric Handler, an analyst at MKM Partners who focuses on the theatrical market.
“Investors appear overly focused on a handful of disappointing titles in the quarter as an indication that people are losing interest in the theatrical experience,” Pachter wrote in a Tuesday research report. Lofty expectations for the remake, directed by Jon Favreau, may be tempered by mixed reviews, many of which have praised the movie’s visuals but have found the emotional impact lacking. The movie had an estimated budget of $`175 million.
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