Entertainment · 3 views
Wall Street Bets on Box Office Resurgence
Smash hits “Spider-Man: Brand New Day,” “The Odyssey,” “Toy Story 5,” and “Obsession“ powered box office receipts to over $8 billion, up 20% from a year ago, according to Drew Crum, analyst at B. Riley Securities.
Summary
Smash hits “Spider-Man: Brand New Day,” “The Odyssey,” “Toy Story 5,” and “Obsession“ powered box office receipts to over $8 billion, up 20% from a year ago, according to Drew Crum, analyst at B. Riley Securities. The bonanza has been boffo for exhibitors. The theater-related stocks Crum covers are up nearly 70% so far this year, and last week’s $84 million in ticket sales is “another positive data point for the industry,” he said.
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