"Tenet" Fails to Save the Multiplex

There was a lot riding on Christopher Nolan this weekend. He was carrying the weight of the fledgling multiplex industry on his back with the release of Tenet, the cerebral but trippy action thriller put out by AT&T's (NYSE: T) Warner Bros. studio that hit theaters over the holiday weekend. It wasn't enough.

Domestic box office receipts for the weekend were mixed. Tenet generated $20.2 million in ticket sales over the holiday weekend, the best haul of any film since AMC Entertainment Holdings (NYSE: AMC) and its smaller rivals began opening their screens three weekends ago. However, the film could have fared better as the lone summer blockbuster hitting movie houses this summer. It also failed to deliver a boost to other films, something that sometimes happen for major releases. The game is far from over, but right now AT&T, AMC Entertainment, and the rest of the country's exhibitors aren't winning. 

Image source: Getty Images.

Continue reading

Source Fool.com