Monday, June 30, 2008

No Disney hug from Wall Street for 'Wall-E'

The animated, futuristic adventure about a lonely, love-struck robot opened to rave reviews and topped the weekend box office with $63.1 million in domestic ticket sales -- the ninth straight No. 1 launch for Walt Disney Co.’s Pixar studio.
But stock market investors gave Disney shares the cold shoulder Monday, bidding them down 37 cents, or 1.2%, to $31.20.
Part of the problem is that "Wall-E," which 97% of critics endorsed, according to RottenTomatoes.com, "was successful but wasn’t ‘Nemo’-like" in its opening, said Richard Greenfield, an analyst at Pali Research. "Finding Nemo" and "The Incredibles," Pixar’s two biggest hit movies, both opened to slightly above $70 million.

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