Sizzling Stories Affecting 3 Dow Consumer Stocks This Week
The Walt Disney Company (NYSE:DIS): Current Price $57.65
Disney’s Oz: The Great and Powerful, a prequel to The Wizard of Oz, opened this past weekend with an estimated box-office take of $80.3 million in the United States and Canada, says the Wall Street Journal.
Disney’s interactive unit will have more difficulty attaining profitability in 2013, a goal that chief Executive Robert Iger has advocated, says The Wall Street Journal. The company reported that its heavily promoted video game, Disney Infinity, will not be released in June as had been planned, but will be delayed until August 18, resulting in less revenue from the game, marking the biggest release from its interactive division being counted in Disney’s fiscal year, which ends in September. There was no comment from Disney Interactive.