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Arclight Cinemas And Pacific Theatres Chains Shut Down: How Does This Impact The Movie Business?
Tuesday, April 13, 2021 - 1:13pm | 860Read More...The U.S. film exhibition industry absorbed a major loss as the privately-held Decurion Corporation announced the closure of its Arclight Cinemas and Pacific Theatres chains. What Happened: The two chains have been shuttered since the COVID-19 pandemic took root in March 2020. In a statement, the...
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AMC Shares Spike On Complete Reopening Optimism: What You Need To Know
Wednesday, March 17, 2021 - 9:49pm | 543Read More...Shares of AMC Entertainment Holdings Inc. (NYSE: AMC) climbed almost 4% in extended trading on Wednesday after the movie theatre chain said 98% of its U.S. locations will be open beginning Friday. What Happened: With additional openings in the U.S. expected over the next week, AMC expects 99% of...
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Why Some Are Speculating MoviePass Could Be Coming Back From The Dead
Tuesday, March 16, 2021 - 6:30pm | 500Read More...A movie subscription service that charged $9.95 a month for unlimited trips to movie theaters became one of the most talked-about stories of 2017 and 2018. News on Tuesday could bring MoviePass back from the dead. What Happened: An article from CinemaBlend hinted that MoviePass could be making...
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AMC, Cinemark Stocks Surge Amid California Reopening Plans
Monday, March 15, 2021 - 1:25pm | 371Read More...Shares of movie theater chains AMC Entertainment Holdings Inc (NYSE: AMC) and Cinemark Holdings, Inc. (NYSE: CNK) were notably higher Monday after confirming plans to reopen locations in California. What Happened: Cinemark said over the weekend it already opened more than 10 theaters as of...
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Why Wanda Group Is Trimming Its Holdings In AMC Theater Chain
Monday, March 15, 2021 - 10:25am | 416Read More...AMC Entertainment Holdings Inc. (NYSE: AMC) was one of the worst-hit from the COVID-19 pandemic due to the lockdown restrictions that necessitated theater closures. Amid the movie theater chains sagging fortunes, its Chinese parent Dalian Wanda Group cut its stake in the company considerably. What...
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AMC Says No Longer In 'Survival' Mode With Vaccine Rollout, Big Movie Releases On The Horizon
Thursday, March 11, 2021 - 5:48am | 490Read More...Movie theatre chain AMC Entertainment Holdings Inc. (NYSE: AMC) expects the rollout of COVID-19 vaccines in the U.S. and the blockbuster movie titles scheduled to be released in the coming months to boost sales this year, according to a report by Reuters. See also: How to Buy AMC Stock What...
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AMC Sees Price Target Doubled At Wedbush Amid Meme Stock Renaissance
Tuesday, March 9, 2021 - 4:12am | 466Read More...AMC Entertainment Holdings Inc (NYSE: AMC) shares spiked Monday after Wedbush analyst Michael Pachter doubled the price target on the cinema chain, MarketWatch reported. What Happened: AMC was among a pack of so-called meme stocks whose shares were buoyant on Monday, the others include GameStop...
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Warner Bros.' 'Tom & Jerry' Scores $13.7M At Box Office
Monday, March 1, 2021 - 12:53pm | 310Read More...AT&T’s (NYSE: T) Warner Bros. subsidiary reigned at the weekend box office with its animation-live action hybrid "Tom & Jerry," scoring $13.7 million in domestic ticket sales and $25.1 million internationally. What Happened: Only 42% of U.S. movie theaters are open, and...
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Why AMC Shares Spiked 20% Today
Monday, February 22, 2021 - 10:26pm | 418Read More...AMC Entertainment Holdings Inc (NYSE: AMC) shares shot up over 20% in regular and after-hours sessions today. What Happened: AMC shares rallied on Monday after New York Governor Andrew M. Cuomo announced that movie theaters in New York City are now permitted to re-open. “We will now be...
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Stock Wars: AMC Entertainment Vs. Cinemark
Friday, January 29, 2021 - 4:21pm | 872Read More...AMC Entertainment (NYSE: AMC) has been one of the most talked about stocks this week — and is part of an industry suffering from the COVID-19 pandemic. This week’s Stock Wars stacks up two movie theater chains and their respective stocks. About AMC Entertainment: The world...
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Why AMC Shares Spiked 78% Today
Tuesday, January 26, 2021 - 10:27pm | 218Read More...The shares of AMC Entertainment Holdings Inc. (NYSE: AMC) surged over 78% in the regular and after-hours sessions on Tuesday. What Happened: The stock of the movie theater chain, which struggled to hold together during the COVID-19 pandemic, is subject of a short squeeze led by Reddit community...
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Sony, MGM Studios Delay Big Ticket Movie Releases
Friday, January 22, 2021 - 4:00am | 471Read More...Surging COVID-19 cases in the U.S. have forced MGM Studios and Sony Corp’s (NYSE: SNE) Sony Pictures to push back big-ticket movies by few months, according to The Hollywood Reporter. What Happened: In yet another blow to the movie theaters, MGM and Sony announced a...
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AMC Still Needs $550M To Stay Afloat Through 2021, CEO Says
Wednesday, January 6, 2021 - 7:56am | 561Read More...Adam Aron, CEO of the world’s biggest chain of theaters - AMC Entertainment Holdings Inc (NYSE: AMC), disclosed Tuesday that the company had raised $200 million in funding, but the proceeds were still $550 million short of the targeted $750 million threshold, reports CNBC...
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Imax CEO Bullish On 2021 Theatrical Movie Backlog
Tuesday, December 29, 2020 - 4:36am | 566Read More...Imax Corp (NYSE: IMAX) CEO Richard Gelfond spoke about movie theaters’ bull case in a CNBC interview on Monday and said he expects 2021 to be “an embarrassment of riches.” What Happened: Gelfond hopes Imax could cover some of the lost revenue from...
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'Wonder Woman 1984' Generates $38.5M In Global Ticket Sales On Debut Weekend
Monday, December 21, 2020 - 4:16am | 480Read More...One of the most awaited big-ticket superhero films of the year, "Wonder Woman 1984" has generated a subdued $38.5 million in global box-office in the opening weekend, Bloomberg reports. It is worth noting that the "Wonder Woman" 2017 movie had grossed more than $822...
