‘Godzilla vs. Kong’ Box Office Success Lifts Movie Theater Stocks

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The box office success of “Godzilla vs. Kong” lifted exhibition industry stocks on Monday, reinvigorating the share prices of leading theater companies such as AMC, Imax and Cinemark. T…

. AMC, the world’s largest exhibitor, saw shares climb 13.4%, while shares of Cinemark, another major chain, jumped 7.1% and shares of Cineworld, the owner of Regal, climbed 5.3%. Imax, which has become a major source of box office for tentpole movies like “Godzilla vs. Kong,” saw its shares increase 4.5% over the course of the day.

Part of the reason that Wall Street is feeling more optimistic about the sector is that “Godzilla vs. Kong” is a hybrid release. The Warner Bros. film debuted simultaneously in theaters and on HBO Max, and its robust performance suggests that streaming services might not cannibalize the box office, which is something that exhibition-industry bears have long theorized.

In an appearance on Fox Business Network, AMC CEO Adam Aron suggested that the good times may continue for theaters.

 

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Why just watched it on hbomax. A colossal waste of time.

Parece a próxima eleição no Brasil...

That's king of the monsters

Chimp vs Gecko, cartoon animals punch each other while absurdly under-used actors stare at green screens and spout pseudoscience. $200 million plus a ton of marketing costs. Already fell from 1 in China, same doom that befell WW84. The billion dollar blockbuster is extinct.

We only made it through about 30 minutes or so and then killed it...found nothing about it that kept our attention. And my husband loved this stuff as a kid...

Wrong Godzilla pic lol

Isn't that thumbnail from the previous film?

Movie was stupid, but when there is shit to watch you are stuck with just shit. Hollywood thinks this was a hit because of the money it made. Hollywood should consider putting out quality movies instead of total mindless crap like this.

She looks 8 years old there.

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