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Summer blockbuster season is upon us. Here’s a look at what moviegoers and investors can expect from this summer’s movie season.
Walt Disney Co (NYSE: DIS) kicked off the season with a bang this month with the release of “Captain America: Civil War,” which has already grossed $295.9 million domestically.
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According to JBL Advisors analyst Jeffrey Logsdon, “Civil War” will be the biggest blockbuster of the summer and will eventually reach $475 million in domestic box office sales.
Behind “Civil War,” JBL predicts that Disney’s “Finding Dory” ($350 million), Comcast Corporation (NASDAQ: CMCSA)’s “Jason Bourne” ($250 million), Disney’s “Alice Through The Looking Glass” ($225 million) and Comcast’s “Secret Life of Pets” ($225 million) will round out the top five box office smashes of the summer.
JBL predicts Disney will be the overall top-grossing studio this summer at $1.409 billion, up 29 percent over last summer. The firm also predicts that Twenty-First Century Fox Inc (NASDAQ: FOXA) and Sony Corp (ADR) (NYSE: SNE) will more than double their 2015 summer gross, while Comcast and Time Warner Inc (NYSE: TWX)’s box office grosses will fall 46 percent and 29 percent, respectively.
JBL names Disney and Time Warner its top two studio stock picks, and AMC Entertainment Holdings Inc (NYSE: AMC) and Cinemark Holdings, Inc. (NYSE: CNK) its top two exhibitor picks.
Disclosure: The author holds no position in the stocks mentioned.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.