Theatrical movie giants AMC Theatres, Cinemark, and Imax celebrated a massive financial boost after the release of Shawn Levy's 'Deadpool & Wolverine.' 

According to Hollywood Reporter, the Ryan Reynolds-Hugh Jackman superhero film opened to a record-shattering $205 million at the domestic box office over the weekend, making it the highest-grossing R-rated movie debut.

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Movie Theater Giants Boost After Deadpool & Wolverine

Following this, AMC Theatres reported setting new 2024 records for weekend attendance and admissions revenue in the U.S. market, as well as for its Odeon Cinemas locations worldwide. 

Over 6 million moviegoers attended AMC theaters from Thursday through Sunday. CEO Adam Aron emphasized the record-breaking nature of this success, noting that it also marked the highest food and beverage sales for AMC in the U.S. since 2019.

MarketWatch further revealed that shares in AMC Theatres saw an increase, opening up 5 cents, or 1 percent, at $5.23 on Monday. This rise comes despite ongoing challenges related to the company's high debt load, the effects of the pandemic, and last year's Hollywood actors and writers strikes. 

Premium format screens helped a lot, making up 18 percent of the earnings for 'Deadpool & Wolverine.' 

Imax also made $36.5 million in ticket sales, breaking July and R-rated records for the company. 

Cinemark president and CEO, Sean Gamble, shared his excitement for Disney's first R-rated film that drove the movie theater's biggest summer opening weekend of all time. This, in return, increased their stock to over 2 percent, making it $22.43 in early morning trading.

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