NEW YORK (TheStreet) -- Good weather over the Memorial Day weekend didn't help the weak performance at the U.S. movie box office. Disney's (DIS) - Get Report new sci-fi offeringTomorrowland, took the No.1 spot with three-day ticket sales of about $32.2 million.
Some estimate Disney spent about $190 million making the movie, which stars George Clooney and takes its name from the sci-fi section in some Disney theme parks. The movie portrays Clooney as an inventor who travels to a futuristic utopia with a teenage companion, played by Britt Robertson. The action feature was co-written and directed by Oscar winner Brad Bird, writer and director of The Incredibles franchise.
Tomorrowland received tepid reviews prior to its opening and has failed to make a splash overseas, raking in just $26.7 million from 65 markets.
This marks the first time in three years that a Memorial Day holiday release hasn't opened to $100 million in domestic sales. The total amount of movie tickets sold over the weekend declined across the board from last year's revenue.
Taking the weekend's No. 2 spot was Pitch Perfect 2 from Comcast's (CMCSA) - Get Report Universal. The sequel about the a capella group and feature-film directorial debut of Elizabeth Banks scooped up $30.3 million during the holiday weekend.
Mad Max scored the No. 3 position, taking in $24.8 million.
The newly released Poltergeist from 21st Century Fox's (FOX) - Get Report 20th Century Fox Film and MGM Holdings' (MGMB) MGM made its debut at No. 4. The thriller is a remake of the 1982 horror classic and directed by Steven Spielberg.
The latest numbers illustrate Hollywood's struggle to churn out original content that will strike a chord with audiences.
Of the top 10 highest grossing movies of 2015 so far, six have been sequels. Bringing new stories to the box office that are not already established comic book narratives, fairytales or remakes isa risky business, especially when a large budget is involved.
TheStreet Ratings team rates Disney as a buy with a ratings score of A+. TheStreet Ratings Team has this to say about its recommendation:
"We rate DISNEY (WALT) CO (DIS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, notable return on equity and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins."
You can view the full analysis from the report here: DIS Ratings Report