'Stranger Things' Finale Could Boost Both Netflix, AMC Stocks: Here's How

The final season of "Stranger Things" is breaking records for streaming giant Netflix Inc.(NASDAQ:NFLX) and could provide a boost to fourth-quarter financial results. The final episode could also boost movie theater stocks like AMC Entertainment Holdings (NYSE:AMC) and Cinemark Holdings Inc(NYSE:CNK), marking a rare win for both movie theaters and streaming.

"Stranger Things" Finale

Netflix split the fifth and final season of "Stranger Things" into three parts, with episodes released the night before Thanksgiving, on Christmas Day, and the upcoming final episode to be released on New Year's Eve.

Along with the episode being available for Netflix subscribers at 8 p.m. ET on New Year's Eve, the final episode will also play in select theaters.

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Originally set to play in a few hundred theaters, Deadline reports that theaters from AMC, Cinemark, Regal and others are continuing to add showtimes for the episode. There are over 3,500 showtimes across more than 620 theaters.

Over 1.1 million people have reserved their seats for showings. Unlike traditional movie showings, the "Stranger Things" episode will be free, with moviegoers paying a reservation fee for their seat, which converts into a concession voucher.

For AMC, this is a reported $20 reservation that turns into concession goods. AMC has reported strong food and beverage per-person averages in recent quarters, with a third-quarter average of $7.74, the second-highest in company history. The concession voucher method could provide a significant boost to fourth-quarter food and beverage totals and per-person averages.

Netflix may not collect as much revenue from the playing of "Stranger Things," but it now has a working partnership with AMC, the largest movie theater company in the world. When Netflix showed its hit animated film "KPOP Demon Hunters" in theaters earlier this year, AMC chose not to show the movie.

The movie grossed an estimated $18 million from two days on an estimated 1,700 screens and could have made even more if AMC was involved. AMC showed the movie later during the year during a second theatrical run for the hit Netflix film.

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