“Spider-Man: No Way Home,” a film released in the middle of an omicron variant surge with a multitude of at-home viewing platforms in focus, just generated the third-best domestic opening weekend box office of all time, B. Riley analyst Eric Wold noted.
“Those who are bearish on the potential for a post-pandemic exhibition industry recovery need to take notice of what just happened.”
Wold added that with exclusive theatrical windows “proving their importance to the industry,” the exhibitor group faces an “extremely attractive set-up heading into next year’s slate.”
He reiterated Buy on Cinemark Holdings Inc., Imax Corp., Marcus Corp., National CineMedia Inc.
Wold has a Neutral on AMC Entertainment Holdings Inc.
By Anusuya Lahiri
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