More movies than usual to open this holiday season, WSJ reports

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This coming holiday season, movie-goers will have plenty to chose from. Over the last ten years, the holiday season has delivered fewer than 10 new releases. Between December 12 and 25, there will be 12 new releases, the highest number in recent time. “I don't think there have ever been this many movies in wide release at Christmas,” Michael Lynton, chairman of
Sony Corporation'sSNE
Sony Pictures Entertainment division said in a November interview. The holiday season represents a period when people have the most free time in a very compact window and with this season's lineup of films, there is something for everyone.
Viacom Inc. VIAB
owned Paramount Pictures is set to release Martin Scorcese's “The Wolf of Wall Street” details Jordan Belfort's memoirs should appeal to the adult crowd. Several other drama themed pictures geared towards the adult crowd include Sony Entertainment's Columbia Pictures “American Hustle.”
Walt Disney Co
WLT
is set to release its “Saving Mr. Banks” feature about the making of 1964's “Mary Poppins” Families and kid-oriented films appear are much less crowded with the only major release coming from
Twenty-First Century Fox, Inc.FOXA
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The film “Walking With Dinosaurs” is expected to appeal primarily to young kids. In this competitive environment, one movie is expected to stand out over the others.
Time Warner Inc.TWX
owned New Line Cinema's release of “The Hobbit: The Desolation of Smaug” is expected to be a blockbuster. The film opened to $73.7 million during its opening weekend. According to
The Wall Street Journal, aside from “The Hobbit”, most movies are drawing only modest interest in pre-release surveys. Shares of major studios are vulnerable to large price movements if a feature film doesn't live up to Wall Street's expectations. On November 25, shares of Lions Gate Entertainment Corp LGF plummeted more than 10 percent after its Hunger Games film fell short of some analysts expectations.
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Posted In: NewsColumbia PicturesConsumer DiscretionaryHunger GamesLeonardo DicaprioMary PoppinsmoviesMovies & EntertainmentParamount PicturesSaving Mr. BanksSony Pictures EntertainmentThe HobbitTwenty-First Century FoxViacomWalking with Dinosaurs
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