The Solo Star Wars Movie to Not Do Well

As always, my family and I watched the newest Star Wars film on opening weekend. We all thought Solo: A Star Wars Story was amazing, but we also agreed that it didn't quite compare to The Force Awakens and The Last Jedi. I won't give away any spoilers or too much bias, but the numbers don't lie that Solo was not as successful this opening weekend as Disney was hoping. (Okay, I'll just tell you: I loved Solo so I don't know what any of the negative reviews I analyzed are talking about.)

Memorial Day weekend usually proves to be a successful weekend for movie releases, especially when one like Disney/Lucasfilm's Solo is released with no competition. The reported production cost of Solo was about $300 million, and Disney estimated it to make at least $130 million this opening weekend. Disappointingly, Solo had a $103 million domestic debut for the four-day holiday and grossed $84.8 million for the standard three-day weekend. Additionally, according to an article by the Washington Post: "Even worse news for Solo was how badly it tallied overseas. Failing to gain much traction in such major markets as China ($10 million), Solo grossed only $65 million on foreign shores. The $168 million worldwide debut is an especially poor showing."

I'm wondering what deterred people from seeing Solo and how its poor opening weekend will affect my Disney (DIS) shares. I still strongly believe that Solo will eventually gross into the billions for the global box office like all of the other Star Wars movies have. Never tell Han Solo, and his new movie, the odds.

#starwars #solo #disney #stocks #memorialday #movies