Did "Shang-Chi" Just Save AMC Stock?
It's been a largely forgettable two years for the multiplex industry, but we finally hit a new high-water mark in ticket sales over the holiday weekend. Disney's (NYSE: DIS) Shang-Chi and the Legend of the Ten Rings rang up an estimated $90 million in box-office receipts over the extended Labor Day weekend, a new record for U.S. exhibitors in that particular four-day holiday.
Despite being one of the more obscure Marvel franchises to helm a film, blowout reviews -- a 92% critics approval rating on Rotten Tomatoes with an even more potent 98% audience score -- have a way of drawing audiences. A multiplex-friendly distribution plan is also benefiting AMC Entertainment Holdings (NYSE: AMC) and its younger rivals.
Image source: Getty Images.
Source Fool.com
