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GuruFocus.com

Box Office Rebound Gets Boost from Superman

Undercovered Deep Insights
1 min read

James Gunn's new Superman is on track to smash $200 million worldwide in its opening weekend, fueled by a blockbuster $22.5 million in early previews.

That preview haul includes $2.8 million from Tuesday night's Amazon Prime member screenings and shows that kicked off Friday afternoon. It's more than double the $9 million that Man of Steel pulled in back in 2013.

Distributed by Warner Bros. (NASDAQ:WBD), this film is DC Studios' first under Gunn's leadership after his Guardians of the Galaxy triumphs at Disney. Early critic scores82% on Rotten Tomatoesare right behind the 1978 original's 86%.

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After years of pandemic shutdowns and writers' and actors' strikes, Deutsche Bank and Wedbush analysts say the box office rebound is real. More releases and steady mid-to-high single-digit growth could mean healthier moviegoing ahead.If these estimates hold, Gunn's Superman won't just soar on screenit'll signal that Hollywood's post-pandemic recovery is flying higher than ever.

This article first appeared on GuruFocus.

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