FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “AMC Entertainment’s Stock plummets 10%”
AMC entertainment (NYSE: AMC) was down nearly 10% under yesterday’s close in early morning trading as its long time rival Cineworld, owners of Regal Cinema, confirmed it will temporarily close all of its U.K and U.S theaters this week.
The closures are expected to last over two months and come on the heels of a number of film release delays and analysts now anticipate ticket sales to plunge 85% within the fourth quarter
AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 1,000 theatres and 11,000 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. AMC operates among the most productive theatres in the United States’ top markets, having the #1 or #2 market share positions in 21 of the 25 largest metropolitan areas of the United States. AMC is also #1 or #2 in market share in 9 of the 15 countries it serves in North America, Europe and the Middle East.
For more information, please visit: AMC Entertainment Holdings, Inc.
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