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kleinbl00 · 2247 days ago · link · · parent · post: A tweet by a reality TV star cost Snapchat $1.3 Billion in stock valuation.
I've been friends off'n'on with a Big Hollywood Screenwriter. He's got this elsewhere, but it's not on a particularly modern server: That's less than half the previous low for a Disney animated feature. The Monday after it opened, Disney had to downgrade its earnings estimates for the quarter, which dropped the value of Disney stock. And since Disney is a member of the Dow Jones Industrials -- well, let's just say it's a humbling experience to work on a movie that drags down the entire freakin' world economy....That the film was a commercial flop is not in question. Budgeted at about $140 million with another $40 million in advertising costs, the film grossed just $37 million dollars in its initial release.