RE: Peel Hunt reiterates HOLD 75p target13 Jul 2021 17:21
Proven fallacy that @HL and a case of shorters hammering the share price and then the market trying to ascribe a reason thereafter imho If thats the alleged reason then its wrong.
Covered here only yesterday.
Breakdown was $80M Box Office, $78M International Box office and $60 M streaming "globally" So $158M v $60M
https://variety.com/2021/film/box-office/marvel-black-widow-box-office-opening-weekend-1235016977/
"..I think most took it that an additional $60M had also come from the US and Canada, and was at the direct expense of cinemas in those two countries. To a degree that will have been the case.
However if you actually delve a bit deeper beneath the surface then you find that is not the full picture. Disney Plus in actual fact was available in the following countries
US,
Canada,
the Netherlands,
Austria,
Germany,
Italy,
Spain,
Switzerland,
France,
India,
Belgium,
Denmark,
Iceland,
Finland,
Norway,
Portugal,
Sweden,
United Kingdom,
Ireland,
Isle of Man,
Monaco,
Wallis and Futuna,
French West Indies,
French Guiana,
New Caledonia,
Japan,
Indonesia,
Latin America,
Réunion,
Mayotte,
Mauritius and
Singapore,
So if you were therefore to spread approximately 2 million total customers paying for $30 to see Black Widow over population of those countries then it gives a totally different perspective altogether.
Links.
$60 M "globally"
https://variety.com/2021/film/box-office/marvel-black-widow-box-office-opening-weekend-1235016977/
List of active countries "globally" for Disney Plus -
https://www.businessinsider.com/disney-plus?r=US&IR=T
Singapore incidentally has been recently added, Hong Kong and South Korea are still to go online.
** Interestingly** the DisneyPlus Singapore website isn't exclusively looking to get you to watch the film on streaming either as it gives you the option to book tickets online.
https://www.disney.sg/"