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Movie Theater Stocks Struggle as Mockingjay-2 Disappoints

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The opening week box office sales of The Hunger Games: Mockingjay - Part 2 fell significantly short of expectations, resulting in a drop in stock prices of major movie theaters in the U.S.

Mockingjay - Part 2, the final film in The Hunger Games series has collected $101 million in the U.S. Although this figure makes the film the fifth largest opening week box office grosser in the country in 2015, it still falls short of the industry watchers' expectation of around $110--$125 million and 17% ($121.9 million) lower than the opening week sales of its Part 1 prequel. Outside the U.S., the movie has clinched approximately $146 million in the opening week, well below some $174 million collected by its Part 1 version . The production cost ofMockingjay - Part 2 was approximately $160 million.

The Hunger Games movie franchise, produced by Lions Gate Entertainment Corp., had debuted in 2012. So far, the franchise has generated more than $1.1 billion in sales in the U.S. alone and around $2.55 billion globally. Before, the release of Mockingjay - Part 2, the average opening week box office sales of any film of this franchise in the U.S. had been about $144 million. Needless to say, Mockingjay - Part 2's performance in comparison has been rather lacklustre.

Naturally so, the film trailing expectations has taken a toll on major U.S. movie theaters. Share prices of companies, namely, Carmike Cinemas Inc. CKEC , AMC Entertainment Holdings Inc. AMC , IMAX Corp. IMAX and Regal Entertainment Group RGC were down 2.18%, 1.68%, 1.18% and 2.41%, respectively, as of yesterday.

The last week was not a merry one for the U.S. box office. Total first week collections of all movies were 11% lower than that in the comparable week last year and a massive 24% lower than the same-period figure two-years ago. The U.S. movie industry is now pinning its hope on the Thanksgiving holiday weekend, due to start from tomorrow.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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