Spider-Man is being called upon to save Hollywood and movie theaters once again, with analysts eyeing the pandemic era's first potential billion-dollar-grossing film.
"Spider-man: No Way Home" took in $50 million at US and Canadian movie theaters, the third-highest total for preview showings ahead of what is expected to be a massive weekend at cinemas that have struggled through the pandemic. Thursday's sales set a record for the Covid-19 era. Box office analysts predict total domestic receipts for "No Way Home" through the weekend could reach as high as $240 million, which would land it in the top five movie debuts of all time.
The big-budget superhero movie co-produced by Sony Corp and Walt Disney Co stars Tom Holland as the web-slinging superhero and Zendaya as his girlfriend, MJ.The film's early success was welcome news for cinema chains, including AMC Entertainment Holdings, Cinemark and Cineworld's Regal chain.Shares of AMC, a so-called meme stock favorite among retail investors, jumped 23.5 percent to $30.19 in an active trading session on Friday. Shares of Cinemark rose 2.9 percent at $16.63.
Source: Entertainment Trends (entertainmenttrends.net)
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