Did Disney Accidentally Save AMC Entertainment?
Walt Disney (NYSE: DIS) may have thought crowing about its $60 million from the debut of Black Widow on Disney+ would show how smart its simultaneous film releases to theaters and its streaming service was.
Instead, the boast indicated to star Scarlett Johansson just how much money she was losing from the practice, and now she's suing Disney for breach of contract. It's also emboldened other movie stars to consider suing the studio, which could lead to day-and-date releases being dramatically scaled back or even eliminated.
If that happens, Disney may have just accidentally saved AMC Entertainment Holdings (NYSE: AMC) from financial ruin.
Source Fool.com
