... so said Richard Steinberg (Steinberg Global Asset Management) in a Reuters story that reports TWX shares increased more than one percent last Monday. Advanced screenings of "Superman Returns" got positive reactions from investors and some movie critics. Now, after the film's Wednesday opening Box Office Mojo is calling the opening gross solid, while Cinematical and others call the take "respectable." Seems to be some disappointment that Superman, with 21 million on Wednesday underperformed compared with Sony's two Spider-Man flicks -- both of which had Opening day grosses around the 40 million mark. The Reuters piece goes on to say that Time Warner may need more than one good showing by one blockbuster this summer to balance out the spring-time disaster that was "Poseidon." The coming weeks will show whether word-of-mouth will drive more eyes toward the Man in Tights or send them away. Long-term success or failure will depend on whether the inevitable two sequels will hold onto enough box office to make the revived movie franchise a solid investment for the studio division.
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Reader Comments (Page 1 of 1)
7-01-2006 @ 3:07AM
Brian said...
I predicted, when AOL/Time Warner merged,WEA MFG Inc.(pre-recorded music mfg.)would be sold, and what a mistake it would be. Luckily, I bailed before the merger. Wait for a company named Discmakers (Palmyra, NJ) TO GO PUBLIC. One of the largest producers of pre-recorded music and dvd mfg's in the country. CAN'T WAIT FOR THEM TO GO PUBLIC.
7-01-2006 @ 2:17PM
Sonny said...
Tinme Warner's problems, note the plural, cannot be solved by box office recipts of one movie. The main problem is current management. The CEO and his management team are not capable of competing in the marketplace nor are they able to enhance stockholders equity. This company has done absolute zero for 7 years. When I worked in the industry my work was expected to be perfect, on time and quicker, faster and better than the competition, otherwise, I would be fired. Mr. Parsons and his "team" needed to be booted out a long time ago. Perhaps they would be better off seeking employment in the car industry. They could bring their management skills to GM & company!