The recent Memorial Day weekend generated a record-breaking box office of $326 million, boosted by major films like Disney's Lilo & Stitch and Tom Cruise's Mission: Impossible. Lilo & Stitch set an all-time record with $192.7 million, while Mission: Impossible-The Final Reckoning earned $79 million. This strong box office performance led to a surge in shares for major publicly traded theater chains such as AMC, Cinemark, and The Marcus Corporation, marking a positive turn for an industry struggling to recover from pandemic setbacks.
Shares in several publicly traded movie theater chains surged as record-breaking Memorial Day weekend box office results fueled investor optimism about the film industry.
The Memorial Day weekend boasted a historic box office total of $326 million, driven primarily by the success of Disney's Lilo & Stitch and Mission: Impossible.
AMC Entertainment, Cinemark, and The Marcus Corporation saw their shares increase significantly as the record box office haul led to renewed interest in theater attendance.
Lilo & Stitch generated $192.7 million domestically, while Mission: Impossible-The Final Reckoning brought in $79 million, setting records for both films.
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