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Warner Bros. Discovery’s stock gets a ‘Barbie’ boost as movie’s box office exceeds $500 million

Clyde Edgerton by Clyde Edgerton
July 28, 2023
in Markets
Warner Bros. Discovery’s stock gets a ‘Barbie’ boost as movie’s box office exceeds 0 million
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Shares of Warner Bros. Discovery Inc.
WBD,
+3.54%
got a 3.3% “Barbie” boost in morning trading Friday, after the company’s movie studio said the movie’s global box office surpassed the $500 million mark. Warner Bros. Pictures said the “Barbie” movie has taken in $528.6 million since it debuted a week ago, including $237.2 million from U.S. theaters and $291.4 million internationally. The company said the movie marks the largest opening globally for Greta Gerwig as a director and for leads Margot Robbie and Ryan Gosling. Warner Bros.’s stock has run up 34% year to date, while the S&P 500
SPX,
+1.03%
has advanced 19.5%.



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