Previous Close | 5.83 |
Open | 6.82 |
Bid | 6.30 |
Ask | 7.05 |
Strike | 104.00 |
Expire Date | 2024-08-02 |
Day's Range | 6.82 - 6.82 |
Contract Range | N/A |
Volume | |
Open Interest | 5 |
In this episode of Asking for a Trend, host Josh Lipton explores the latest box office performances and top market trends. The show kicks off with a focus on the recent box office boom, with animated sequels like "Inside Out 2" and "Despicable Me 2" demonstrating particular strength in the summer movie season. To provide expert insight into these summer box office trends, Comscore senior media analyst Paul Dergarabedian joins the program. Transitioning to financial markets, Yahoo Finance reporter Jared Blikre takes center stage to break down the day's top three market takeaways following a hot jobs print. This post was written by Angel Smith
It's the summer of sequels at the box office, with Disney's (DIS) Inside Out 2 crossing the $500 million mark domestically and Despicable Me 4 opening strong with $27 million. Comscore senior media analyst Paul Dergarabedian joins Asking for a Trend to break down some of the key themes hitting movie theaters this summer. Dergarabedian notes that the box office had a rather slow start to the summer, however, it started to pick up in early June with Bad Boys: Ride or Die opening beyond expectations at around $57.5 million. Then, animated features Inside Out 2 and Despicable Me 4 helped pick up momentum as the industry recovers from its pandemic slump and last year's WGA and SAG-AFTRA strikes. He adds that going to the theater is "relatively inexpensive to other outside-of-the-home activities," and it provides a "communal and immersive experience" compared to streaming movies at home. He points to the "Barbenheimer" craze last year as an excellent example of a communal experience and viral moment driving people to theaters. As Wicked and Gladiator II are both set to release on November 22 in the US, there could be another double-feature moment that emulates what happened with Barbie and Oppenheimer. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Melanie Riehl
The animated film blew past a billion dollars in tickets this past weekend, and doing so in only 19 days. But its racking up numbers in a year that theatrical box office is down 19%.