Tenet’s Release and the Future of Movie Theaters

The First Blockbuster Since March

This weekend, Christopher Nolan’s new suspense film Tenet will be shown in more than half of the nation’s movie theaters. It debuted overseas and in a few domestic locations on August 31.

The movie’s plot won’t be the only suspenseful part of the weekend. Tenet, which cost $200 million to make, is the first high-budget blockbuster to be released since cinemas closed in March.

Still an Atypical Release

Though some are excited that Tenet’s opening will bring a bit of normalcy back to the movie industry, the release will still look different. Movies are usually released in the US first, and then debut overseas. But because international theaters have been open for longer than domestic ones, Tenet was shown in theaters abroad first.

Additionally, New York and Los Angeles are typically the first stop for new movies, but Tenet will not be shown in these cities yet.

Stocks to Watch

Investors will be eager to see how certain stocks perform depending on how many people go to see Tenet in theaters this weekend. Warner Bros., which is owned by AT&T (T), made the movie and was responsible for many of the decisions about its marketing and release strategy. Movie theater stocks like AMC (AMC), Cinemark Holdings (CNK), and Marcus (MCS) may also be impacted by the weekend’s outcome.

Additionally, Disney (DIS) will be releasing its live action remake of Mulan on its streaming service Disney+ today. The movie will be available to stream for $30. Though Mulan’s target demographic is different from Tenet’s, investors are still eager to see how the two releases compare, and what that could mean for the future of the movie industry.

---

Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.
SOSS090401