is giving most exhibition stocks a welcome boost as the misery of 2020 gives way to hope for a brighter 2021.
Shares in Cinemark, Imax, Marcus Corp. and National CineMedia rose between 3% and 7% apiece after the sequel took in $16.7 million domestically, the best bow by any film during the coronavirus pandemic., the world’s largest theater circuit, was a notable exception to the rally. Its stock dropped 5% on ongoing investor concern about its liquidity and a potential bankruptcy filing. At $2.
With top markets like New York, LA and San Francisco closed and other major cities facing significant capacity restrictions, Wold said the“We believe this helps support the thesis that when consumers are allowed back to theaters with attractive content, they will once again become moviegoers—with the industry having the potential to begin returning to normal in 2022,” the analyst wrote.
But will it keep up? Does the word of mouth on it hurt the next few weeks box office?
If the movie had been that screen cap set to music for 2.5 hours, it would've been better.
Horrible nonsense 🙄