'Avengers: Endgame' is expected to dominate the weekend box office and be the next catalyst for Disney stock:
The U.S. box office is gearing up for a record weekend, with the release of “Avengers: Endgame” expected to chalk up $275 million in box-office receipts and provide the next catalyst for shares of Walt Disney Co.
Cinema chain AMC Entertainment Holding Inc. AMC, +0.65% said earlier that the film has already set a record for Thursday-night box office, a fact confirmed by Disney DIS, +0.98% . The record has shattered AMC’s previous record for single-movie screenings over a weekend, and the film will have 10,000 more showtimes than the previous record weekend, held by the opening of “Avengers: Infinity War” in 2018.
“IMAX’s global box office should also receive a substantial jolt this weekend from Avengers: Endgame,” said Handler. “We estimate ‘Endgame’ could garner more than $50 [million] from IMAX’s worldwide circuit. Domestically, we look for the title to contribute $23 [million]–$24 [million] with a market share of approximately 8.5%.”
Analysts came away from an investor day with Disney earlier this month upbeat on the near-term outlook.
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