Warner Bros Shares ‘Plummet’ After ‘The Color Purple,’ Amber Heard’s ‘Aquaman 2’ Bomb
Major film flops have Warner Bros. seeing the color red.
The company’s shares sank after a quarterly earnings report Friday came in lower than projections, according to the New York Post.
With two recent releases proving box office film disappointments, maybe the company — and Hollywood overall — ought to ask itself why Americans aren’t interested in seeing its products.
According to the Post, the earnings report showed Warner Bros. brought in $10.28 billion in its fourth, lower than analysts’ forecast of $10.35 billion.
The report had “the media giant’s shares plummeting 10%,” the Post reported.
Its stock dropped 16 cents a share, according to the Post, more than double the analysts’ average estimate of 7 cents.
