Wunderlich Securities Updates On Box Office Results

Wunderlich Securities has issued a report on the past week's box office results. According to the report, "Box office for the top 12 movies fell only 6.6% to $109.3mm. YTD box office is now down 19.1% to $2.18B with attendance down 20.3%, which has already been layered into our exhibition forecasts. 2011 summer product is very strong and we now regard the exhibition stocks as timely moving into the ShoWest Convention this week. 20th Century Fox's Diary of a Wimpy Kid: Rodrick Rules did better than anticipated in opening in the #1 position at $24.4mm, followed by a slightly disappointing result for Warner Bros. special effects laden but savagely reviewed Sucker Punch."