Hit Movie “Ironman” Helps Marvel Stock to Soar
Posted on May 6, 2008
Filed Under Business, Musings |
Hit Movie Helps Marvel Stock Soar
By REUTERS Shares of Marvel Entertainment, the comic book publisher, soared on Monday after “Iron Man,” its first self-produced film, raked in more than $100 million in ticket sales over the weekend.
The company, which reported a first-quarter profit above market estimates and raised its 2008 outlook on Monday, also unveiled plans to release a sequel, and three other films in 2010 and 2011.
Ticket sales for “Iron Man” exceeded expectations of an opening in the $70 million to $80 million range for the three-day period beginning on Friday.
The film had the second-biggest opening for a nonsequel ever, according to Media by Numbers, a provider of box-office data. The first was “Spider-Man.”
Marvel stock rose more than 9 percent, closing at $33.10, on the New York Stock Exchange.
First-quarter net income for Marvel was $45.2 million, or 58 cents a share, compared with $46.8 million, or 54 cents a share, in the period a year ago.
The company also raised its earnings outlook range by 5 cents a share, to $1.35 to $1.55 a share.
http://www.nytimes.com/2008/05/06/business/media/06marvel.html?partner=rssnyt&emc=rss
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There was one scene in the movie Iron Man that really spoke to me. Iron Man, “Tony Stark, after being critically injured and forced into building a potentially devastating weapon, instead creates a suit of power armor to save his life and later after major improvements to help protect the world as Iron Man.
Without giving away the plot, he tells his assistant Pepper that he is sure that the reason he is still alive is to face danger and intervene against crime when she questions his sanity. “I am not crazy”.
Has anybody ever thought that you were crazy because you were intent on doing something that goes against “common sense” and the consensus of society?
I have found that this is almost a requirement to make a major impact for good in this life. We normally think of this type of behavior in a negative way but that would be an error.
During the process of fulfilling your life’s purpose you will be disregarded, disrespected and even dismissed. Jesus experience this during His lifetime and you will too if you live your life with intentionality and you are determined to make a positive impact in society.
Just some thoughts for you to ponder today.
Till next time, Jim
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