![]() On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. Those new movie releases should keep box office ticket receipts, and AMC stock, higher through the end of this year. These include Eternals, Ghostbusters: Afterlife, West Side Story, Spider-Man: No Way Home and Matrix Resurrections. In November and December, AMC should benefit from the release of several other films that were postponed during the pandemic. A year after the events of the first Venom (2018), as journalist Eddie Brock ( Tom Hardy) continues to adjust to his new symbiotic relationship with Venom, it becomes apparent that his innate aggression is becoming harder to control. By visiting AMC, you voluntarily assume all risks. Even with these steps, an inherent risk of exposure to COVID-19 exists in any public place where people are present. AMC is taking enhanced health and safety measures with its AMC Safe & Clean program. ![]() However, AMC stock could remain buoyant in coming months, helped by further releases of highly anticipated movies. AMC Twenty Mile 10 Friday, 7:45pm 2 Seats. Currently, the median price target on the stock is $16, implying a potential 86% correction from current levels. In the United States in particular, the movie-going response to Venom: Let There Be Carnage brought moviegoers to AMCs in droves, and on Saturday helped AMC to enjoy its best single-day revenue. What Comes Next for AMC?ĪMC Entertainment is, understandably, trying to prove the naysayers wrong and justify its current stock price of just over $35. At the same time, there are rising concerns that the move to streaming and so-called hybrid movie releases (issuing films on streaming platforms and in theaters simultaneously) will kill the domestic box office. However, the company’s stock has fallen 8% in the last month over concerns that it is grossly overvalued.Īt one point, a Wall Street analyst had a price target on AMC stock of just 1 cent, effectively stating that the company was likely finished because of the pandemic. Targeted as a meme stock by the Reddit crowd of retail investors earlier this year, AMC’s share price is up 1,660% year to date. It has been a rollercoaster ride for AMC stock so far in 2021. were the highest AMC has seen for any single month since February of 2020.” AMC is the biggest movie exhibition company in the world with 950 theaters and 10,500 screens in North America, Europe and Asia. In a news release, AMC said that “October 2021 ticket admission revenues at AMC’s movie theatre circuit in the U.S. The domestic box office has now grossed $3.1 billion through the first 10 months of 2021, which is 45% higher than in 2020 and 66% behind 2019’s pre-pandemic amount. The strong showing led October’s box office receipts to surpass the total in July, which previously held the record for highest-grossing month of the year with $583.6 million in ticket sales. Many of these highly anticipated films had been postponed due to the pandemic. and Canada spent $637.9 million on tickets over the last 31 days to see a slate of new movies that include No Time to Die, Venom: Let There Be Carnage, Halloween Kills and Dune. Comscore estimates that moviegoers in the U.S. In Venom: Let There Be Carnage, Tom Hardy returns as the lethal protector, one of MARVELs greatest and most complex characters. Back in April, Disney and Sony reached a pretty massive deal that ensured Sony's Marvel content-including everything under the studio's loosely defined universe of Spider-Man-related characters, like Venom-would stream on Disney-owned streamers like Disney+ and Hulu, but only after an exclusive stay on Netflix.It was just reported by Comscore that a combination of new movie releases, combined with growing consumer confidence in returning to cinemas, led October to be the highest-grossing month for ticket sales so far this year. ![]() Venom: Let There Be Carnage is no different.Īs to where Let There Be Carnage will, eventually, be streaming? Also a complicated question. But more and more, buoyed by the relative success of films like Shang-Chi and the Legend of the Ten Rings-plus vaccines becoming more readily available-studios are releasing tentpoles exclusively in theaters once again. to drop all its blockbusters on HBO Max, coupled with Black Widow's debut on Disney+ Premiere Access, really got audiences accustomed to the option of watching new movies at home. The 2021 initiative taken by Warner Bros. The only way to watch Venom: Let There Be Carnage right now is at a movie theater.
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