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AMC Entertainment (AMC) shares are rallying Monday afternoon, buoyed by robust box office sales over the weekend. Attendance was largely driven by the success of animated release "Despicable Me 4." The film has grossed $230 million globally, with $122 million coming from domestic markets. This strong showing has not only boosted ticket sales but has also significantly increased merchandise revenue at AMC theaters.

Yahoo Finance reporter Alexandra Canal breaks down the details.

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This post was written by Angel Smith