Strong movie theatre numbers highlight the reopening trade

Venom grossed $90m compared to $71m expected

Box office receipts are a good real-time indicator of economic engagement in the post-pandemic world.

AMC is out with a press release highlighting how strong this weekend was.

• $90m opening weekend box office for Venom: Let There Be Carnage was $90 million, which was the second best for an October debut ever

Ahead of the weekend, Variety reported that it was expected to gross $71m. It also tops July's release of Black Widow, which grossed $80.4m.

AMC also touted that the new Bond movie: No Time to Die sold more tickets on Saturday than any Bond movie ever.

Shares of AMC closed on Friday at $38.46 and are trading at $38.92 in the premarket. I wouldn't take that meme stock as an indication of much but there's certainly good news here for the broader reopening trade.

Invest in yourself. See our forex education hub.


October 05, 2021 at 12:44AM
Adam Button
https://ift.tt/3iPxwIL