Investor Alert: Key Events for Movie Rental and Exhibitor Stocks
The following is an excerpt from a report compiled by Michael Pachter of Wedbush Securities.
This biweekly newsletter lists key events in the movie rental and exhibition industries for the period between November 5 and November 18, including notable rental releases, box office figures and recent company-specific news.
Movie Rental Industry
Key Redbox releases this year (with domestic box office total in millions from www.boxofficemojo.com):
o 11/6: The Amazing Spider-Man ($262), Prometheus ($127), Arthur Christmas ($47), The Raven ($16).
o 11/13: The Campaign ($86).
Key Redbox releases last year* (with domestic box office total in millions from www.boxofficemojo.com):
o 11/8: Horrible Bosses ($117), Green Lantern ($117).
o 11/15: Pirates of the Caribbean: On Stranger Tides ($241).
*estimated release date
Over the next two weeks, there are two notable rental releases compared to one last year (notable releases are those that grossed over $50 million in domestic box office). We expect DVD rental for the upcoming two week period to outperform the comparable period last year, as Brave and The Expendables 2 earned over $300 million combined at the box office compared to $127 million earned by Super 8 last year…
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