The latest installment of Jerry Bruckheimer's
Pirates of the Caribbean
series should add significantly to
(DIS - Get Report)
Pirates of the Caribbean: Dead Man's Chest
, cut a swath through box-office history, smashing records with an estimated $132 million opening weekend at theaters. That beats other notables including previous record-holder
, which had held the title with a $115 million opening.
opening also tops other blockbuster sequels from series including
, and the recently released
was grounded in only its second week in release, thanks to the Disney picture. The Warner Brothers film pulled in a paltry $21.8 million in its second weekend.
is a huge win for Disney on two scores. Analysts are upping their estimates for the Burbank, Calif., studio based on the film's box-office success. Based on weekend results, Soleil analyst Laura Martin raised 2006 revenue estimates for Disney by $100 million. Martin bumped up fiscal 2007 estimates for revenue by $400 million and earnings per share by 6 cents.
It also marks a rather resplendent return to successful filmmaking at the studio, which has suffered somewhat in recent years. Between Disney/Pixar's win with animated movie
, things continue to look up on a side of the conglomerate's business that had been an anchor to otherwise stellar results.
Disney shares climbed 44 cents, or 1.5%, to $30.27 on Monday.