NEW YORK (
) -- Who says 3D is dead?
The Lion King 3D
has generated $62 million since its debut, topping the box office charts for the second weekend in a row.
As a result,
plans to extend the run of the film, which was originally slated for just two weeks in theaters. The details are still being determined.
The re-release of
The Lion King
will also be made available next week on Blu-ray and DVD.
"This is higher than many other original films and will be highly profitable for Walt Disney, as we estimate the 3D conversion cost is less than $10 million," Janney Capital Markets analyst Tony Wible wrote in a note. "The success will encourage more studios to invest in 3D and shows that the decline in some 3D films is likely tied to a discerning consumer rather than a dying fad."
Written by Jeannie Poggi in New York
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