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OTBWY said:
Regardless of the film itself, I believe Disney should have been smarter and released this in may this year, in order to not compete with Frozen. That could have made it a little more successful, but then again, no Christmas.

Frozen 2 was out for an entire month before ROS released and did just $13M that weekend.  Frozen had nothing to do with how ROS performed.  Definitely doesn't have anything to do with how it is performing, now.  Like you alluded to, the Xmas break actually gave it a boost.  It wouldn't have that boost in May.  It also would have confirmed the rumors that there were massive reshoots going on because the film was not testing well with audiences, which probably would have lowered confidence and interest in the movie.