New Lego Movie Sees Phenomenal Box Office Sales

Kids and adults alike have been longing to see “The Lego Movie” for many months now, but it was finally released this past weekend and grossed a whopping $69.1 million at its debut. Out of this $69.1, $18.1 million occurred internationally, according to the Wall Street Journal

Kids fanatically craze over Lego products worldwide. Legos were created by a company in Denmark, and sales have exploded. These days every action packed or family movie has Lego’s marketed or attached to it.

The Danish company is already minting a horde of cash off of its Lego products in general, the company has started to create retail stores as well, which are most notably in high-end malls.

A sequel to the popular movie has already started production.

This movie brought much needed success to Time Warner Cable TWC, as it has struggled to keep up with other animated films and their studios in this space.

Rival toy makers have not seen the results that the Danish company has seen, with “Transformers” and the G.I Joe franchises.

Phil lord who was a director and Chris Miller a writer have previously worked on Lego films and this but a great accomplishment in terms of their previous successes.

According to CBS local, Paul Dergarabedian, a senior media analyst for box-office tracker Rentrak, believes that the Lego films are going to be a long-term franchise.

Market News and Data brought to you by Benzinga APIs
Posted In: EarningsNewsGuidance
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...