Wall Street investors are worried that Pixar’s upcoming movie “UP” doesn’t have enough retail merchandising appeal according to a recent article in the New York Times.
Richard Greenfield of Pali Research downgraded Disney shares to sell last month, citing a poor outlook for “Up” as a reason. “We doubt younger boys will be that excited by the main character,” he wrote, adding a complaint about the lack of a female lead.
While Wall Street worries about money, Disney CEO Robert Iger sees the need to first make a great movie. “We seek to make great films first. If a great film gives birth to a franchise, we are the first company to leverage such success. A check-the-boxes approach to creativity is more likely to result in blandness and failure.”
I remember a similar cry regarding Over the Hedge that did well in theaters.