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Godzilla vs Kong crushes U S Box Office, despite Warner Bros simultaneous streaming offering news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
18 Apr 2021 - 20:20
Moviegoers wait before the movie Godzilla vs. Kong on the reopening day of the TCL Chinese theatre during the outbreak of the coronavirus disease (COVID-19), in Los Angeles, California, U.S., March 31, 2021. REUTERS/Mario Anzuoni/File Photo
Bloomberg Godzilla vs. Kong,” the monster epic from Warner Bros. and Legendary, dominated the box office for a third straight week, showing that a new movie available for streaming at home can also draw fans to theaters.
The film took in $7.7 million in weekend sales in North American theaters, according to researcher Comscore Inc., further cementing its spot as the biggest movie release of the pandemic with cumulative sales now of $80.5 million. So far, Godzilla vs. Kong” has exceeded analysts’ expectations, suggesting people are becoming comfortable with attending theaters more than a year into a global pandemic.
Shirley Zhao, Bloomberg News Signage outside an AMC movie theater in New York, U.S., on Friday, March 5, 2021. The struggling U.S. box office is expected to rebound this weekend, when theaters in New York City, the second-largest U.S. movie market, reopen after a yearlong hiatus. Photographer: Amir Hamja/Bloomberg , Bloomberg
(Bloomberg) Dalian Wanda Group Co., the conglomerate founded by Chinese billionaire Wang Jianlin, has given up its majority control over AMC Entertainment Holdings Inc. after the worldâs largest cinema chain reported a record loss of $4.6 billion for 2020 amid repeated warnings of insolvency.
Wanda, which bought AMC in 2012 for $2.6 billion, cut its stake and voting power in the company to 9.8% as of March 3, AMC said in its annual report. The group continues to be AMCâs largest shareholder, the cinema chainâs Chief Executive Officer Adam Aron said in an earnings call. As of October, Wanda