The late 2022 release of Avatar: The Way of Water helped power the theatre chains’ strong start to the year.
Domestic box office revenue for the first quarter of US$1.7bil was about 2% above B. Riley Securities analyst Eric Wold’s projection. — Bloomberg
Cinemark Holdings Inc hit the highest level since August after it said April 8 marked the strongest day of attendance for the chain since Christmas Day 2019 with the openings of Super Mario and Air, a film about Nike Inc’s courtship of Michael Jordan. Meanwhile, AMC Entertainment Holdings Inc closed up 6.9% following news that the weekend was the company’s third best since December 2019. Movie theatre operator Marcus Corp followed the group higher, closing up 7.7% for its biggest gain since September 2021.
Domestic box office revenue for the first quarter of US$1.7bil was about 2% above B. Riley Securities analyst Eric Wold’s projection, he wrote in a research note on Monday.
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