Transcript:
Conway Gittens: I’m Conway Gittens reporting from New York City. Here’s what we’re watching on TheStreet today.
Wall Street is kicking off the new month in mixed fashion after November logged the best month of the entire year. The Dow led the pack with a 7.5 percent November rally.
The stock market isn’t the only thing enjoying new records - so is the box office. This Thanksgiving weekend was the biggest ever for Hollywood in terms of domestic ticket sales. Movie theaters snatched up $420 million between Wednesday and Sunday, according to early numbers. That easily surpassed 2018, the last record Thanksgiving weekend by more than $100 million, according to Comscore.
Related: I saw 'Wicked' opening weekend — here's my take on the box office smash
Disney brought the heat and the magic with Moana 2 taking in $221 million all by itself, making it the best Thanksgiving debut Hollywood has ever seen. Throw in global theaters and the sequel raked in an overly impressive $386 million.
In a statement, Disney Entertainment co-chairman Alan Bergman said the movie’s performance at the box office has far exceeded Disney’s high expectations and “This is a moment to celebrate, and we’re thankful to all the moviegoers and fans who’ve helped make this a record-breaking debut.”
Moana 2’s debut also set other box office records including the biggest Disney animation opening of all time and the biggest five-day stretch ever.
Thanks to Moana 2; Wicked, which has grabbed $262 million since its debut; and Gladiator 2, which has taken in $111 million since its opening, the box office is now down just 6 percent from the same time last year, according to boxofficemojo.com.
That’ll do it for your Daily Briefing. From New York City, I’m Conway Gittens with TheStreet.
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