Yahoo Finance Stocks and ETFs to Benefit from "Inside Out 2" Success
The record-breaking performance of "Inside Out 2" – a 2024 American animated film produced by Pixar Animation Studios for Walt Disney DIS Pictures – not only reaffirms the appeal of animated blockbusters on but also invigorates investor confidence in the entertainment sector.
According to studio estimates on Sunday, the movie hauled in $100 million in ticket sales in its second weekend, setting a new record for an animated film in its follow-up run in theaters, as quoted on AP. In just a week and a half, “Inside Out 2” has earned the title of 2024’s highest-grossing film to date with $724.4 million globally, including $355.2 million in the United States and Canadian theaters.
“Inside Out 2” is likely to cross the $1-billion mark in about a week, making it the first film to achieve this height since "Barbie." The overwhelming success of “Inside Out 2” surprised Hollywood, which had grown used to subdued sales trends. The film industry had seen ticket sales this year slump about 40% below pre-pandemic totals, according to data firm Comscore, until “Inside Out 2” hit theaters.
Impact on Stock & ETF Market
Stocks like Disney, AMC Entertainment AMC, Cinemark Holdings CNK, and Imax Corporation IMAX are poised to capitalize on the film's success, while ETFs focusing on media and entertainment are likely to win from the same.
AMC reported its best weekend attendance and box office grosses of 2024, indicating a strong recovery in theater foot traffic. Imax, known for its premium theater experiences, also reaped rewards from "Inside Out 2," recording substantial ticket sales from its global screenings of the film.
As the industry looks forward to upcoming releases like "Deadpool & Wolverine" and "Moana 2," these stocks and ETFs could continue to attract attention from investors seeking to benefit from the resurgence in cinema attendance and box office revenues.
Disney, which will release its third-quarter earnings results in mid-August, may see revenue gains thanks to “Inside Out 2.” As the parent company of Pixar, Disney stands to benefit not only from box office revenues but also from merchandise sales and future licensing agreements related to the film's characters.
ETFs to Benefit
ETFs such as Vanguard Communication Services ETF VOX and Fidelity MSCI Communication Services Index ETF FCOM include holdings in Disney and other media giants. As a result, they have a higher chance of benefiting from box office hits like "Inside Out 2.”
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The Walt Disney Company (DIS) : Free Stock Analysis Report
IMAX Corporation (IMAX) : Free Stock Analysis Report
Cinemark Holdings Inc (CNK) : Free Stock Analysis Report
AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report
Vanguard Communication Services ETF (VOX): ETF Research Reports
Fidelity MSCI Communication Services Index ETF (FCOM): ETF Research Reports
