Brent Lang Executive Editor of Film and MediaThe box office success of “Godzilla vs. Kong” lifted exhibition industry stocks on Monday, reinvigorating the share prices of leading theater companies such as AMC, Imax and Cinemark.The monster mano a mano grossed a mighty $48.5 million in its first five days in theaters, setting a record for the pandemic era and signaling that after a punishing year the movie business may be poised for a post-COVID comeback.
AMC, the world’s largest exhibitor, saw shares climb 13.4%, while shares of Cinemark, another major chain, jumped 7.1% and shares of Cineworld, the owner of Regal, climbed 5.3%.
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