Holiday weekends have typically been strong performers for the movie theater sector.
The Memorial Day weekend box office recorded disappointing figures, suggesting that the film industry in 2024 continues to struggle with the ongoing Hollywood strikes and a hesitant return of moviegoers to theaters.
What Happened:While many people had Memorial Day off work and couldn't trade stocks due to the major U.S. markets being closed, it seems they chose to travel or spend time with family rather than visit their local movie theaters.
New releases "Furiosa: A Mad Max Saga" and "The Garfield Movie" struggled at the box...
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