Movie theatre stocks soar as ‘Super Mario’ draws crowds

Domestic box office revenue for the first quarter of US$1.7bil (RM7.5bil) was about 2% above B. Riley Securities analyst Eric Wold’s projection. — Bloomberg

NEW YORK: Movie theatre stocks surged on Monday to extend their recent rallies after the debut of The Super Mario Bros movie attracted crowds reminiscent of the years before the Covid-19 pandemic.

Cinemark Holdings Inc hit the highest level since August after it said April 8 marked the strongest day of attendance for the chain since Christmas Day 2019 with the openings of Super Mario and Air, a film about Nike Inc’s courtship of Michael Jordan.