Two of the year’s most eagerly anticipated movies hit theaters Friday, as “Barbie” and “Oppenheimer” kick off what is expected to be a big box-office weekend.
The two movies have even sparked an internet phenomenon dubbed “Barbenheimer,” with people planning to watch both films on the same day.
On Friday, AMC Entertainment Holdings Inc. AMC,
“Will be a big weekend!” the CEO wrote, noting that the latest “Mission: Impossible” movie and the surprise hit “Sound of Freedom” are also playing in theaters.
A global marketing blitz has generated massive buzz around Warner Bros. Discovery Inc.’s WBD,
“Oppenheimer” is directed by Christopher Nolan and stars Cillian Murphy as the atomic-bomb scientist J. Robert Oppenheimer, and, like “Barbie,” the movie has garnered positive early reviews. “Oppenheimer” is, in fact, being touted as an Oscar contender.
“The motion picture industry is poised for a huge box office weekend with the release of two highly anticipated films, Barbie and Oppenheimer, which are expected to generate a combined global start of over $260 [million],” Benchmark analyst Mike Hickey wrote in a note released Friday.
“Barbie” has presales surpassing Walt Disney Co.’s DIS,
The analyst noted that “Oppenheimer” will have a three-week exclusive Imax IMAX,
Shares of AMC ended Friday’s session up 1.6% but then rocketed more than 60% after a court in Delaware prevented the company from moving forward with its APE-to-stock conversion plan. Cinemark Holdings Inc.’s stock CNK,
Additional reporting by Bill Peters.