Movie theater stocks are roaring thanks to 'Godzilla vs. Kong' - News Summed Up

Movie theater stocks are roaring thanks to 'Godzilla vs. Kong'


New York (CNN Business) HBO Max subscribers had the option to stream "Godzilla vs. Kong" in the comfort of their homes during Easter and Passover weekend, but plenty of moviegoers opted to see it in theaters. That's great news for the publicly traded owners of big multiplexes. AMC AMC Warner Bros., the studio that released the film, said Sunday that "Godzilla vs. Kong" has raked in nearly $50 million at the US box office since its release last Wednesday, sending shares of— a stock that's incredibly popular with traders on Reddit — soaring more than 15%. Some cities are now letting theaters reopen, but at a limited capacity to start. Some moviegoers are clearly craving the big-screen experience, and that will be a boost for the likes of AMC.


Source: CNN April 05, 2021 18:33 UTC



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