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Movie Theater Stocks Rise After Record-Setting Thanksgiving Feast
DeadlineStory by Dade Hayes
scrn logline
Movie theater stocks soar after record-smashing Thanksgiving box office, hinting at industry's comeback from pandemic slump.
beat sheet
- AMC Entertainment stock jumped over 15% on Monday, riding the wave of a $716 million domestic box office haul over the Thanksgiving holiday - the highest ever.
- Industry insiders are eyeing the strong holiday performance as a sign that moviegoing is bouncing back, with the upcoming release of highly-anticipated sequels like 'Moana 2' expected to further boost ticket sales.
call sheet
AMC Entertainment, Moana 2