By Dhirendra Tripathi
Investing.com – AMC Entertainment stock (NYSE:AMC) traded 3% higher in Tuesday’s premarket as Marvel Cinematic’s ‘Shang-Chi and the Legend of the Ten Rings’ rang up an estimated $146.2 million in worldwide collections in its first four days on release.
The movie collected $90 million in theaters in U.S. and Canada in the four-day Labor Day weekend and the rest in other geographies, according to tracking website Box Office Mojo.
A three-day haul of $71.4 million in the U.S. and Canada made it the second-highest box office opening for any film released during the pandemic, behind another Marvel installment, Black Widow, which surpassed $80 million in its opening weekend in July.
Walt Disney (NYSE:DIS), the distributor of the movie, traded 0.1% lower.
The collections marked a record for Labor Day openings which is usually sluggish for new releases as most blockbusters have been released earlier in the summer and the attention has shifted to the new school year.
The film tells the story of a kung fu master who is hiding from his warlord father and lives undercover as a normal guy in San Francisco.
According to reports, Shang-Chi is expected to make its Disney+ debut only next month.