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Disney's $180M animated movie bombs at box office amid CEO shake-up - Fox Business

Disney's $180M animated movie bombs at box office amid CEO shake-up - Fox Business

Disney's $180M animated movie bombs at box office amid CEO shake-up - Fox Business
Nov 26, 2022 1 min, 11 secs

As "Black Panther: Wakanda Forever" continued to top the box office over the Thanksgiving holiday – earning $63 million over a five-day period -- a new Disney movie tanked at $4.2 million on Wednesday. .

The plummeting box office results of Disney’s "Strange World" comes on the heels of the announcement of Bob Iger returning as chief executive of the Walt Disney Company after less than a year in retirement. .

"The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period," board Chair Susan Arnold said in a statement.

The plummeting box office results of Disney’s "Strange World" comes on the heels of the announcement of Bob Iger returning as chief executive of the Walt Disney Company after less than a year in retirement.  (Photo by Charley Gallay/Getty Images for Disney / Getty Images).

In 2021 over the Thanksgiving holiday, "Encanto" raked in $40.3 million, according to the media outlet.

Other newly released flicks that ranked in the box office over the Thanksgiving holiday is Sony and Black Label Media’s "Devotion," an inspirational drama focused on two US Navy fighter pilots, which grossed $1.8 million. 

and DC’s "Black Adam" is expected to gross $4 million over the holiday

Mutual Fund and ETF data provided by Refinitiv Lipper

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