warner bros discovery (WBDMore – Free Report) recently announced that Warner Bros. Pictures is working to celebrate the 88th birthday of Elvis Presley, the famous American singer and popularly known as the King of Rock and Roll.
For this, we worked with Graceland in Memphis, home of the late singer. Together they have scheduled a series of events at the mansion from January 5th to January 9th to commemorate the music and memory of Elvis Presley.
The festival includes elvis movie marathonClub Elvis Hawaiian Style Dinner and Dance, Elvis Birthday Pops Concert He has performed with Terry Mike Jeffery and the Memphis Symphony Orchestra.
Warner Bros. Pictures will also reveal the production and production process on January 8th. elvis It celebrates the film’s global success by reaching $286 million at the box office.
Graceland is one of the most popular tourist destinations, welcoming about 500,000 visitors each year to explore the 200,000-square-foot grounds and see the legendary costumes, artifacts of Elvis and his family. , encounter a captivating experience featuring personalized memorabilia. In addition, planned events will allow even more fans to visit the mansion, boosting ticket sales.
In addition to this, people can also participate in this celebration from their homes. elvis is now available on Warner Bros. Discovery’s streaming platforms, HBO and HBO Max. Elvis’ 30 minute special show, Tupelo’s Just a Boy: Bringing Elvis to the Big Screen It will also be released on HBO Max. These exciting pieces of content have the potential to strengthen HBO’s portfolio and Elvis fan base to its user base.
Warner Bros. Pictures See Better 2023 After 2022 Slowdown
Warner Bros. Pictures didn’t see a strong release in 2022.the most successful movie Batman, earned $770 million worldwide at the box office. The lack of content may be due to the company’s recent merger with WarnerMedia and Discovery, which has spent a lot of money and time restructuring the business.
Because of this, Warner Bros. Pictures has also canceled some of its big releases like new releases. bat girl movie, wonder woman 3 When man of steel 2It disappointed fans who were looking forward to the movie.
The impact was seen in Warner Bros. Discovery’s share price, which fell 64% over the past year, while the Zacks Consumer Discretionary sector fell 34.1%.
This has created a huge opportunity for competitors such as: Paramount (Para – Free Report) has drawn audiences to itself with hugely successful films such as: Avatar: Path of Waterhas so far raised $1.4 billion worldwide.
However, Warner Bros. Discovery is working hard to improve its theatrical film slate and win back fans.announced the release of films such as barbie (July 21), Nun 2 (September 8) and Joker: Forri-a-Do (October 4).
These films could help the company increase its revenue and reduce its large amount of debt.
Sachs Ranks and Stocks to Consider
Warner Bros. Discovery currently holds Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector are liberty media (FWONK – free report) and liberty global (LBTYA – Free report), each boasting Zack Rank #1 (strong buy).
Liberty Media’s stock fell 5.8% year-on-year. The Zacks Consensus Estimate revenue is pegged at 10 cents and is up 42% over the last 30 days.
Royal Caribbean Cruises stock is down 39.6% year-over-year. The profit estimate is pegged at a loss of 134 cents, which has been constant for the last 30 days.