The paltry opening of Avatar 2’s movie theater sent AMC, Cinemark, IMAX and Disney’s share prices down on the stock market.
Posted by James Brizuela | published
for some reason, Avatar 2 Its theatrical release has been mentioned in some circles as a “box office savior” but current market stock prices for cinemas have proven that not to be true. The long-awaited sequel was officially released to a decent box office, but nothing impressive enough to confirm that the film will be a giant money-maker. What makes matters worse is that AMC, Cinemark, IMAX, and Disney all saw their stock market slump this past weekend.
Avatar 2 It may have hit cinemas this weekend, but AMC saw a drop of 8.26 percent yesterday. Cinemark also fell 10.3 percent, although it will regain a few points in after-hours trading, and IMAX saw a drop of 5.76 percent. Even Disney, which released the movie, saw a 4.77 percent drop of its own, which is now the company’s biggest drop since 2014.
Stock traders seem to have believed it Avatar 2 It’ll have people running to movie theaters to see the sequel, which could fetch some good stock market prices. However, those merchants might not have taken into account that it had been a very long time since the first symbol picture issued. People may not care about the story anymore, and the biggest concern right now is the whopping 3 hours and 12 minutes of running time, which makes the theater’s turn-around time suffer greatly.
Avatar 2 Getting into cinemas was a major issue aside from its massive runtime, with the new movie’s biggest talking point being its stunning visuals. These same visuals in the first film have been echoed and seemingly amplified in the sequel, resulting in many patrons wanting to use the IMAX or HD theater option to see the new movie. However, these theaters usually do not have as many seats as a regular show, which results in the film making much less money than hoped.
Avatar 2 It opened to $134 million in cinemas this past weekend, which is certainly nothing to scoff at, although it looks as if it might not turn out to be the “fourth-highest-grossing film of all time.” That’s what James Cameron has said his beloved sequel should do to allow him to continue making movies with the franchise, which he’s reportedly already working on his sixth and seventh films. It may be that people want to wait a bit until the weekend crowds have died down to see the movie, and then the proverbial dough will start working in the coming weeks.
Whatever happens, stock market traders may want to stop thinking that a single movie will be the thing that gets theater chains soaring in stock price, and start planning when blockbusters come out all at once. Avatar 2 It may have arrived in cinemas with a lot of promise behind it, but it has a long way to go, even with its current worldwide box office total of $441 million. However, this is only the first weekend of release, so this sequel could turn into a monster movie in the coming weeks, just as the first did.
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