3 Stocks That Could Benefit From The Record-Breaking Weekend Of 'Sonic The Hedgehog 2'
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The highly anticipated sequel “Sonic the Hedgehog 2” was the box office leader for the weekend and posted some record-breaking numbers. Here are three stocks that could enjoy the success of “Sonic the Hedgehog 2.”
What Happened
Video game adaptation “Sonic the Hedgehog 2” grossed $71 million in its domestic theatrical opening this past weekend. The movie has also taken in $70 million from international theaters for a total box office take of $141 million to date.
“Sonic the Hedgehog 2” is a sequel to the 2020 theatrical release and comes from Paramount Global (PARA) and Sega Sammy Holdings Inc - ADR (SGAMY).
The sequel not only beat the $57 million opening weekend the first Sonic movie had but put up some impressive numbers for 2022 and for the video game genre.
“Sonic the Hedgehog 2” has the second-biggest opening weekend for 2022, trailing only “The Batman” from AT&T Inc (T) unit Warner Bros.
The second Sonic movie also has the title of the highest-grossing opening weekend for a video game adaptation, beating its predecessor which had previously held the record.
Video game adaptations could be heating up once again with “Sonic the Hedgehog 2” and “Uncharted” turning in strong results recently.
“Uncharted” has the fifth-highest opening box office weekend total for a video game adaptation at $44 million and has grossed $143 million domestically and $383.5 million worldwide since its February release by Sony Group Corp (SONY).
If video game adaptations are getting hot again, several stocks could be worth watching for investors.
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