3 Stocks That Could Benefit From “Sonic The Hedgehog 2″‘s Record-Breaking Weekend
The highly anticipated sequel “Sonic the Hedgehog 2” was the weekend box office leader and achieved record numbers. Here are three stocks that could benefit from the success of “Sonic the Hedgehog 2.”
What happened: The video game adaptation “Sonic the Hedgehog 2” grossed $71 million when it opened in theaters last weekend. The film has also grossed $70 million in international theaters for a total box office of $141 million to date.
“Sonic the Hedgehog 2” is a sequel to the 2020 theatrical release and comes from World Paramount PARAPARA A and Sega Sammy Holdings Inc – ADR SGAMY.
The sequel not only beat the first Sonic movie’s $57 million opening weekend, but also posted impressive numbers for 2022 and for the video game genre.
‘Sonic the Hedgehog 2’ has second-biggest opening weekend for 2022, behind only ‘The Batman’ AT&T Inc. J Warner Bros unit.
The second Sonic movie also has the title for the highest-grossing opening weekend for a video game adaptation, beating its predecessor which previously held the record.
Video game adaptations could heat up again with “Sonic the Hedgehog 2” and “Uncharted” posting strong results recently.
“Uncharted” has the fifth-highest box office opening weekend total for a video game adaptation at $44 million and has grossed $143 million domestically and $383.5 million in the world since its release in February by Sony Corp Group SONY.
If video game adaptations become hot again, there are several stocks that could be worth watching for investors.
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Stocks to watch – Netflix Inc. NFLXNintendo Co Ltd NTDOY and Sega Sammy: The big winner here could be Sega Sammy, owner of the Sonic the Hedgehog trademark and intellectual property. Film success on the big screen can translate into success for consumer products, licensing and the small screen.
A new 3D animated show called “Sonic Prime” is set to hit Netflix in 2022 and may see success in theatrical release.
Sega also has several other franchises it could seek to license for movies or TV shows using Sonic the Hedgehog as an example of built-in fanbases.
Speaking of Netflix, the company not only has a show starring Sonic the Hedgehog, but also has a whole library of video game adaptations it’s been working on.
Netflix had success with “The Witcher,” which became one of its most-watched series of all time. The company has now doubled down on licensing video game series from video game companies to continue bolstering its content offerings.
An adaptation of the game “League of Legends” by Tencent Holdings ADR TCEHY called “Arcane” also posted strong viewing figures and led to the release of a new game in partnership between the two companies.
Among the video game adaptations in the works for Netflix are Mega Man, Pokemon, Angry Birds, CyberPunk, Assassin’s Creed, Resident Evil and Tomb Raider.
If video game adaptations get hot, the biggest winner could be Nintendo. Nintendo owns an extensive catalog of intellectual property and trademarks of some of the greatest video game characters of all time.
Nintendo has been selective in making shows and movies of its characters while rumors have been around for years.
Nintendo will release a new animated Mario movie on December 22, 2022, with Universal Pictures, a unit of Comcast Company CMCSA. The new film will feature the voices of Chris Pratt and charlie day as Mario and Luigi, respectively.
Nintendo’s Zelda franchise has been a longtime target for streaming companies to turn into a franchise.
If the Mario animated show is a hit, Nintendo could quickly become a business idea for people recognizing the licensing potential of its huge library of titles.
Photo Credit: Courtesy of Paramount – © 2021 Paramount Pictures and Sega of America, Inc. via IMDb