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The Street
The Street
Business
Tony Owusu

'Barbenheimer' Success Isn't Translating for Warner Bros. Discovery Stock

Film distributor Warner Bros. has a certified hit on its hands.

"Barbie" and "Oppenheimer," two of the year's most anticipated films, were released over the weekend and the returns have not disappointed. 

DON'T MISS: Dream On: Barbie Can Barely Afford to Live in Her Own Dreamhouse

Fans -- or the distributors' marketing departments -- have taken to calling the two films "Barbenheimer"  and collectively, the pair took in over $230 million at the domestic box office. 

"Barbie" alone took in $155 million (giving it the fourth biggest domestic opening weekend of all time) while Oppenheimer blasted its way to another $80.5 million. 

While Universal Pictures (CMCSA) -) is the domestic distributor for "Oppenheimer," Warner Bros. is responsible for "Barbie." 

The weekend success of the two releases is translating to a couple of stocks on Monday, while leaving Warner Bros. Discovery (WBD) -) behind.

"Barbie" looks to be the driving force behind toymaker Mattel's 2.5% gain Monday afternoon. Mattel owns the intellectual property behind Barbie, and the popularity of the film could translate to bigger sales for the company's Barbie toy. 

Theater chain AMC Entertainment (AMC) -) has a couple of things going for it Monday, but the success of "Barbenheimer" is certainly a contributing factor to the company's nearly 30% jump. 

But Warner Bros. Discovery isn't seeing much of a benefit. Shares were down 1.4% at last check Monday afternoon. The stock is down 20% from its February 2 year-to-date high. 

"Oppenheimer" director Christopher Nolan was one of the world's most celebrated directors while releasing films like "The Dark Knight" and "Interstellar" under the Warner Bros. banner.

But the pair fell out over a litany of issues over the past few years, paving the way for Nolan's debut with rival Universal.

While Warner has winner on its hands with "Barbie" the studio has to wonder what could have been if it kept Nolan in its stables. 

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