Media And Entertainment Sector Update

Analysts at Thomas Weisel Partners Group Inc. (NASDAQ: TWPG) have released their report on the Media and Entertainment sector.

According to the report, the North American box office benefited from the solid performance in the last six weeks. The North American box office ended the quarter up 18.7% according to data from Box Office Mojo. This was ahead of analysts’ estimate of 14.3%. The strong performance of Avatar, which grossed $1 billion so far, was way beyond analysts’ estimates. The box office continues to be strong in January, with the first weekend of the year up 24%.