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Disney's live-action Mermaid scores fifth-highest Memorial Day weekend box office

Investing.com -- Disney’s live-action The Little Mermaid made waves at the box office on its opening weekend, hauling in $117.5 million in domestic ticket sales over the extended Memorial Day holiday.

That’s the fifth-highest showing for the holiday weekend, according to Comscore.

For Friday through Sunday, box office sales were more than $95M.

The showing could boost Walt Disney Company's (NYSE:DIS) efforts to revive more of its animated classics, analysts said. Shares of Disney fell 1.1%.

Mermaid was said to have a $250M production budget. Worldwide box office sales on its opening weekend reached $185.8M. The movie faces competition in the coming weeks, with Sony’s Spider-Man: Across the Spider-Verse due to release on Friday and Paramount’s Transformers: Rise of the Beasts due out June 9.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.