Walmart (NYSE:WMT) will begin running movies next week in partnership with Tribeca Film Festival at converted parking lots at some store locations. The curated list of 320 hit movies will include Black Panther, Wonder Woman, E.T., Cars and The Lego Movie.
The viewings will be free of charge, although a reservation is required.
Grab your popcorn! Walmart is lifting the curtain on plans for the Walmart Drive-in, a drive-in movie theater experience, which is rolling into 160 Walmart stores across the country beginning this month, created in partnership with the Tribeca Film Festival.
Available for free to Walmart customers, the Walmart Drive-in will transform Walmart parking lots into outdoor cinemas from August 14 through October 21 with 320 showings of hit movies. Starting today at 5:00 p.m. ET, families can visit TheWalmartDriveIn.com to discover dates, store locations and the movies for each stop of the movie tour.
We recognize the challenges our customers and their families have faced over the last few months, and we wanted to create an experience where they could come together safely to create new memories. The Walmart Drive-in is one small way we’re supporting the communities we serve.
The Walmart Drive-in promises families a fun, contact-free experience where they can watch popular films thoughtfully curated by the Tribeca Film Festival. Audiences will be welcomed back to the big screen to enjoy a wide range of films safely from their own vehicle, including:
- Inspiring sports stories like Friday Night Lights, The Karate Kid and Space Jam
- Blockbuster franchises including Black Panther, Pokémon Detective Pikachu, The Lego Batman Movie, Spider-ManTM: Into The Spider-Verse, Spy Kids, Teen Titans GO! To the Movies and Wonder Woman
- Out-of-this-world stories like E.T. the Extra-Terrestrial, Ghostbusters and Men in BlackTM: International
- Nostalgic favorites including Back to the Future, Beetlejuice, The Goonies and The Wizard of Oz
- Inspiring true stories from Dolphin Tale to Selena
- Animated features every member of the family can enjoy like Cars, The Iron Giant, The Lego Movie and Madagascar
- Ahead of each feature presentation, audiences will screen one of a number of short films, including Bilby, Bird Karma, Brooklyn Breeze, CROW: The Legend, Fire in Cardboard City, INVASION!, Looney Tunes’ Boo! Appetweet and Marooned
During the tour, filmmakers and special guests will help Walmart celebrate bringing back the big screen to communities across the country. Drew Barrymore will serve as virtual host for all events, welcoming guests to a fun family night experience. She will also make a surprise in-person appearance at one location. Families will be also be treated to surprise virtual or in-person appearances from Peter Berg, Jennifer Garner, LeBron James and Chrissy Metz at select showings.
For the complete movie-going experience, families can stock up on their favorite theater concessions to bring along with them through Walmart’s convenient pickup or delivery services.
To reserve a space for the Walmart Drive-in, customers can visit TheWalmartDriveIn.com starting today at 5:00 p.m. ET to pick their desired date and location. Once confirmed, customers will receive an email with a QR code, which will grant their vehicle entry on the day of the event.
Walmart Inc. (NYSE:WMT) trades at 23 times forward earnings and pays a forward dividend yield of 1.9%. Dividends have increased annually for 45 straight years. Costco has a higher forward P/E of 38 but pays a lower forward yield of 0.9%. with an increased dividend annually for 16 straight years. Walmart Inc. (NYSE:WMT)’s price-to-earnings ratio is only 15.69% versus Costco’s 29.87%.
Walmart Inc. (NYSE:WMT) is a behemoth operating not only as a grocery store and also as a pharmacy. There is not a consumer staple product that Walmart Inc. (NYSE:WMT) does not sell. Walmart Inc. (NYSE:WMT) also offers financial services such as check cashing, wire transfers, and bill payments.
It’s pretty evident that the stock market and economy will be on edge for many months to come due to COVID-19. Walmart Inc. (NYSE:WMT) has been hiring many workers due to increased demand due to the pandemic. The stock has shown resiliency during this time. Walmart has plenty of cash from operations to manage their near-term interest expenses.