Better Days Are Coming at the Box Office
It was a historic but ultimately inconsequential return to business for the country's multiplex operators. AMC Entertainment Holdings (NYSE: AMC), Cinemark Holdings (NYSE: CNK), and Cineworld Group's (LSE: CINE) (OTC: CNWGY) Regal Entertainment Group opened a significant number of their movie theaters over the weekend. We didn't exactly show up.
Even though theaters had been shuttered for more than five months, the country didn't go flocking to the cinema for a taste of normalcy. The only notable new release was Unhinged, put out by new indie distributor Solstice Studios with a slate of modestly budgeted action thrillers. The Russell Crowe road-rage revenge flick took in $4.1 million in domestic ticket sales over the weekend.
The next nine highest grossing films consisted largely of classic re-releases and even more obscure indie releases looking to cash in on a plethora of available screens. They took in less than $2.4 million combined. A year earlier, over the same weekend, the country's theaters sold $87.9 million in movie tickets.
Source Fool.com
