The US economy seems to be getting a boost from Hollywood - but Hollywood is missing out
Hollywood has started filling movie theaters again with box-office hits like"Barbie" and"Oppenheimer," but ongoing strikes in its home state are limiting the benefits for its home state of California.
AMC Theatres has emerged as one big winner from the"Barbenheimer" phenomenon. It enjoyed the best week in its history between July 21 and July 27, as the pair of movies fueled the largest single-week admissions revenue in its 103-year history, Indeed, Greta Gerwing's"Barbie" recently surpassed $1 billion at the global box office just three weeks after its release, making it one of the highest-grossing movies ever., with consumers showing they're willing to spend.
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