Did Disney Just Hammer the Last Nail in AMC's Coffin?
No one is going to feel the sting of Walt Disney's (NYSE: DIS) massive reorganization like your local multiplex operator. Disney's decision to optimize the monetization of content means that it will continue to prioritize direct-to-consumer streaming channels over theatrical releases, and that's not good for AMC (NYSE: AMC) and its smaller peers.
There is no company quite like Disney when it comes to feeding exhibitors a steady diet of box office blockbusters. Disney was the studio behind all six of this country's highest grossing films last year. It's the hit factory that movie theaters need to keep cranking out Marvel, Lucasfilm, Pixar, and Disney movies on the big screen. Unfortunately for AMC that big screen is now shrinking all the way down to the flat screen in consumer living rooms or the mobile device that folks are cradling in their hands.
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Source Fool.com
