Movie stocks take off on soaring expectations for 'Top Gun' sequel

National CineMedia

27/05/2022 16:59

** Shares of cinema operators gaining altitude on Fri ahead
of long-awaited debut of "Top Gun: Maverick", which is set to
hit the big screen amid high expectations
    ** AMC Entertainment  AMC.N  up 7.6%, Cinemark  CNK.N  5.4%,
Imax  IMAX.N  5.7% and London-based Cineworld  CINE.L  2.9%.
Paramount Global  PARA.O  gaining 3.3%
    ** Paramount's "Top Gun" getting top billing on retail
trading forum Stocktwits.com
    ** Movie critics gushing over Tom Cruise's return as cocky
Navy pilot Pete Mitchell after 36 years  urn:newsml:reuters.com:*:nL2N2X42MF
    ** Shawn Robbins, chief analyst at BoxOffice Pro, estimated
that ticket sales would hit $100 mln over Memorial Day weekend
in the U.S. and Canada, which would make it the highest-grossing
debut of Cruise's career
    ** The movie has already received 97% critic rating and 99%
audience score on Rotten Tomatoes https://www.rottentomatoes.com/m/top_gun_maverick

 (Reporting by Lance Tupper and Noel Randewich
Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))