Moviegoers flock to see Thanksgiving-weekend blockbusters

TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and a huge weekend at the box office.

Transcript

00:00I'm Conway Gittins reporting from New York City. Here's what we're watching on the street today.

00:04Wall Street is kicking off the new month in mixed fashion after November logged the best month of the entire year.

00:10The Dow led the pack with a 7.5 percent November rally.

00:14The stock market isn't the only thing enjoying new records. So is the box office.

00:19This Thanksgiving weekend was the biggest ever for Hollywood in terms of domestic ticket sales.

00:24Movie theaters snatched up $420 million between Wednesday and Sunday, according to early numbers.

00:31That easily surpassed 2018, the last record Thanksgiving weekend, by more than $100 million, according to Comscore.

00:40Disney brought the heat and the magic with Moana 2, taking in $221 million all by itself,

00:46making it the best Thanksgiving debut Hollywood has ever seen.

00:50Throw in global theaters and the sequel raked in an overly impressive $386 million.

00:56In a statement, Disney Entertainment co-chairman Alan Bergman said,

00:59the movie's performance at the box office has far exceeded Disney's high expectations and,

01:05quote, this is a moment to celebrate and we're thankful to all the moviegoers and fans who've helped make this a record-breaking debut.

01:14Moana 2's debut also set other box office records, including the biggest Disney animation opening of all time

01:21and the biggest five-day stretch ever.

01:24Thanks to Moana 2, Wicked, which has grabbed $262 million since its debut,

01:30and Gladiator 2, which has taken $111 million since its opening,

01:35the box office is now down just 6 percent from the same time last year, according to BoxOfficeMojo.com.

01:43And that'll do it for your daily briefing.

01:45From New York City, I'm Conway Gittens with The Street.