Following the success of Taylor Swift's Eras Tour concert film, movie theaters are looking to repeat those box office figures through Beyonce's upcoming Renaissance concert film. Movie theaters are having a tough time getting movie fans into seats while competing with streaming content, especially after disappointing Thanksgiving weekend sales. Box Office Pro Chief Analyst Shawn Robbins joins Yahoo Finance to discuss the ways movie theaters are learning to pivot and lean into certain strategies, such as creating events and experiences through these concert films, to assuage changing consumer wants. "Eventizing things like that is partly attributable to the memberships, to the rewards programs, to being able to pay $25 a month and having access to go see at least one or two movies a week," Robbins says. "It's things like that the industry is really starting to embrace and I think is going to be a big part of their future..." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Soaring consumer confidence is likely to help stocks like AMC Entertainment Holdings, Inc. (AMC), NIKE, Inc. (NKE), Royal Caribbean Cruises Ltd. (RCL), Comcast Corporation (CMCSA) and Live Nation Entertainment, Inc. (LYV).
(Reuters) -Retail traders powered a nearly 20% jump in GameStop shares to a two-month high in regular trading on Wednesday, extending a rally ahead of the company's quarterly results next week and underscoring a return in appetite for risk. "Speculation is back ... and GameStop is ground zero for speculation," Steve Sosnick, chief strategist at Interactive Brokers, said. AMC Entertainment and Cathie Wood's ARK Innovation ETF - other favorites among retail traders - were up nearly 3.5% and 0.5%, respectively.