Tag: Box Office Slump

Nolte: Because Their Product Stinks, Movie Theater Stocks Crash

Can five titles — It, Kingsman: The Golden Circle, Star Wars: The Last Jedi, Justice League and Thor: Ragnarok — save Hollywood? Because it ain’t just the summer stinking up the 2017 box office. After a dismal second quarter, the third-quarter box office is expected to collapse -21% when compared to last year. That is six months of fail, folks — and now theater chain stocks are crashing, even as the stock market itself enjoys a bull market.