Wall Street Bets on Box Office Resurgence
Investors are upbeat about movie theaters after a boffo 2026 The post Wall Street Bets on Box Office Resurgence appeared first on TheWrap .
Box office receipts reached over $8 billion this year, up 20% from the previous year, due to the success of movies like "Spider-Man: Brand New Day," "The Odyssey," "Toy Story 5," and "Obsession." These films have driven exhibitor stocks, which have increased nearly 70% so far this year. Analyst Drew Crum at B. Riley Securities predicts that third-quarter earnings will be "outstanding" with promising prospects for the holiday season.
MoffettNathanson's Robert Fishman anticipates box-office receipts to reach $10.5 billion, slightly lower than the pre-COVID level in 2019, but optimistic about the future.
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