Well, it looks like Disney (NYSE: DIS) redeemed itself after the awful Jonas Brothers: The 3D Concert disappointment.

According to early estimates at Boxofficemojo, the Mouse's new movie, Race to Witch Mountain, was the number-one flick at domestic theaters this past weekend. The remake of the classic Disney film Escape to Witch Mountain took in roughly $25 million.

That was more than enough to send Time Warner's (NYSE: TWX) Watchmen to second place. The superhero project made around $18 million. Coming in third was another remake, although this is no family movie, I can tell you that. Distributed by General Electric's (NYSE: GE) Universal Pictures, The Last House on the Left, a grim horror film full of terror and torture, took in $14 million.

Continue reading Dwayne Johnson and Disney conjure up a hit with 'Race to Witch Mountain'

Dwayne Johnson and Disney conjure up a hit with 'Race to Witch Mountain' originally appeared on BloggingStocks on Mon, 16 Mar 2009 08:20:00 EST. Please see our terms for use of feeds.

Time Warner (NYSE: TWX) won the box-office battle this past weekend. I have no idea what Watchmen is all about, except that there's a collection of superheroes and some sort of mutant blue dude in it, but I do know that it grossed around $55 million at domestic theaters, according to early estimates at Boxofficemojo.

For a rated-R mainstream pic that is over two and a half hours long, that isn't too bad. If it had been shorter and a little more open to younger demographics with a PG-13 rating, it probably would have taken in even more revenue. Come on, guys, think next time! Go for profit maximization.

Continue reading Time Warner's 'Watchmen' takes over the box office while Jonas Brothers tank

Time Warner's 'Watchmen' takes over the box office while Jonas Brothers tank originally appeared on BloggingStocks on Mon, 09 Mar 2009 11:50:00 EST. Please see our terms for use of feeds.