CMCSA - Cinema stocks rally after best month since pandemic's start

Movie-theater companies are rallying today after closing the books on October, the best month for the domestic box office since the March 2020 start to the COVID-19 pandemic. And that marks the first time in modern history that October has been the year's best month, though spurred by the outlier of the pandemic. The industry grossed $637 million in the U.S. and Canada, Comscore says, and it's due to the unsurprising performance of a strong month of big-budget titles making their release dates - including Venom: Let There Be Carnage (SONY +4.7%), which has grossed $190.4 million domestically; James Bond film No Time to Die (OTC:MGMB, CMCSA +2.1%), which has drawn $133.3 million; and Halloween Kills (CMCSA +2.1%), with $85.6 million so far - not to mention recent release Dune (T +1.1%), with $69.4 million. Skeptics are quick to put the month in perspective: Those industry ticket sales are still down 68% from the same

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Cinema stocks rally after best month since pandemic's start