Mattel rises after 'Barbie' movie gets biggest opening of 2023

Marr SpA

24/07/2023 10:40

** Shares of Uno playing cards maker Mattel Inc  MAT.O  up
1.5% to $21.50 premarket
    ** The "Barbie" movie hauled in $155 million in the United
States and Canada over the weekend; set records as 2023's
biggest opening so far and the highest of any movie directed by
a woman in history
    ** Barbie is one of MAT's top three brands; co expected to
see revival in the brand's sales following the movie's release
on Friday
    ** MAT had launched an all-out global marketing blitz with
Barbie-themed products
    ** MAT is set to report Q2 earnings on July 26
    ** Shares of Warner Bros  WBD.O , the studio that released
Barbie, up ~1% before the bell 
    ** Up to Friday's close, stock up ~19% so far this year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))