Universal's 'Fast Five' Earns Biggest Opening Since Harry Potter in November (CMCSA)
May 02, 2011 7:03 AM
Universal Studios has some welcome news for its new owner: the biggest movie weekend opening since last year.
Universal's Fast Five had the biggest opening since last November's Harry Potter & The Deathly Hallows Part I, at $83.6 million versus $125 million for the Potter film, according to Hollywood.com.
Shares of Universal, a new subsidiary of Comcast (NASDAQ: CMCSA), could benefit from the strong open. Indeed, it has been difficult for movie studios to consistently produce movies that consumers will see at movie theaters.
Globally, the release has now taken in $165 million, which already beats the $125 million spent to make the movie.
Comcast Corporation (Comcast) is a provider of video, high-speed Internet and phone services (cable services) to residential and business customers in the United States. It acquired NBC, which owns Universal Studios, from GE earlier this year.
Shares of Comcast closed higher by $0.08 on Friday, to $26.21.
