‘Spider-Man: Brand New Day’ and ‘The Odyssey’ Lift Theater Stocks as Audiences Return
“Spider-Man: Brand New Day” and “The Odyssey” suggest that a strong summer movie lineup is drawing audiences back to theaters, lifting shares of theater operators. AMC said it posted its highest weekend revenue ever. From Wednesday through Sunday, about 10.2 million people visited AMC and ODEON theaters to see the latest “Spider-Man” film. The year’s box office revenue is higher than in the same period last year and is expected to set a new post-pandemic record. Year to date, theater attendance is up 11% from a year earlier. AMC Entertainment shares rose as much as 7.5%, while Marcus Corp. surged 11.4%. Cineplex gained 4.1%, IMAX rose 6.8% and Cinemark Holdings advanced 6.5%.
“Spider-Man: Brand New Day” and “The Odyssey” suggest that a strong summer movie lineup is drawing audiences back to theaters, lifting shares of theater operators.
AMC said it posted its highest weekend revenue ever. From Wednesday through Sunday, about 10.2 million people visited AMC and ODEON theaters to see the latest “Spider-Man” film.
The year’s box office revenue is higher than in the same period last year and is expected to set a new post-pandemic record. Year to date, theater attendance is up 11% from a year earlier.
AMC Entertainment shares rose as much as 7.5%, while Marcus Corp. surged 11.4%. Cineplex gained 4.1%, IMAX rose 6.8% and Cinemark Holdings advanced 6.5%.
AMC said it posted its highest weekend revenue ever. From Wednesday through Sunday, about 10.2 million people visited AMC and ODEON theaters to see the latest “Spider-Man” film.
The year’s box office revenue is higher than in the same period last year and is expected to set a new post-pandemic record. Year to date, theater attendance is up 11% from a year earlier.
AMC Entertainment shares rose as much as 7.5%, while Marcus Corp. surged 11.4%. Cineplex gained 4.1%, IMAX rose 6.8% and Cinemark Holdings advanced 6.5%.