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1 min read
July 12, 2022
by

Are movies popping off?

Are movie theatres back in business? 📽️ June cruised in with US$1.1 billion in revenue. Hopes are high for Taika Waititi’sThor: Love and Thunderto hammer home a win. And TikTok fave Minions: Rise of the Gruis making some noise. So who’s clipping the ticket? 🎟️
1 min read
July 12, 2022
by

Are movies popping off?

Are movie theatres back in business? 📽️ June cruised in with US$1.1 billion in revenue. Hopes are high for Taika Waititi’sThor: Love and Thunderto hammer home a win. And TikTok fave Minions: Rise of the Gruis making some noise. So who’s clipping the ticket? 🎟️
1 min read
July 12, 2022
by

Are movies popping off?

Are movie theatres back in business? 📽️ June cruised in with US$1.1 billion in revenue. Hopes are high for Taika Waititi’sThor: Love and Thunderto hammer home a win. And TikTok fave Minions: Rise of the Gruis making some noise. So who’s clipping the ticket? 🎟️
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Between the buzz of fresh box office releases, school hols excitement and a flurry of winter weather warnings, cinemas could be the place to be right now. In the US, movie theatre ticket sales have started popping off. 🍿 After a drought in bold blockbuster releases last year, US cinemas raked in more than US$1.1 billion this June - more than double that of 2021 - fueled by Paramount’s (PARAA, PARA) Top Gun: Maverick and Universal Pictures’ (owned by Comcast (CMCSA)) Jurassic World Dominion. And Baz Lurhmann’s blinging biopic Elvis, from Warner Bros. (WBD), has sung in more than US$100 million worldwide. 💎

Thanks to TikTok’s #gentleminions, fans have been getting loudly suited ‘n’ booted to help smash box office records with Universal’s Minions: The Rise of Gru, starring our own warrior princess, Lucy Lawless. And there’s more promising news to come for theatres. Disney (DIS) may have struck Marvel magic. Taika Waititi’s Thor: Love and Thunder has received at least one rave review, and is expected by some to hammer home heavy hitting sales numbers. 🔨

Now that theatres are finally able to get back to business, selling us enormous buckets of delicious, overpriced popcorn, they’ll be hoping to see revenue come back with a Vengeance. In the first quarter of 2022, AMC Entertainment (AMC) revenue jumped more than five times year-on-year, and investor eyes will be glued to see just how big recent blockbusters have been for the company when they report their second quarter earnings in early August. 🎞️ Earnings updates from theatre chains Marcus Corp (MCS), which also operates hotels, and Cinemark Holdings (CNK) may also be essential viewing.

But what theatres really, really want is their long-awaited Christmas present, due to arrive in December. Called ‘the bell ringer’ by AMC, the year will come to a head with hugely anticipated 3D screenings of Avatar 2, James Cameron’s Aotearoa-located sequel to what was at the time of its original release, the #1 grossing movie of all-time. 🎟️

We’re not financial advisors and Hatch news is for your information only. However dazzling our writing, none of it is a recommendation to invest in any of the companies or funds mentioned. If you want support before making any investment decisions, consider seeking financial advice from a licensed provider. We’ve done our best to ensure all information is current when we pushed ‘publish’ on this article. And of course, with investing, your money isn’t guaranteed to grow and there’s always a risk you might lose money.

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