Good News for AMC: Disney to Release Rest of 2021 Films Exclusively in Theaters
AMC Entertainment Group (NYSE: AMC) was devastated at the pandemic's onset when it had to shut its doors to moviegoers. Since nearly all the company's revenue comes from bringing people to its theaters to view films and buy buckets of popcorn and tumblers of soda, the stoppage was catastrophic.
Film studios, including Walt Disney (NYSE: DIS), had to make tough decisions regarding movies they planned on releasing in theaters during the pandemic. The outcome of those deliberations was a varied release schedule, with some films earning exclusive theatrical releases and others receiving a blended launch on streaming services and in theaters. Fortunately for AMC, Disney, for now, has ended its mixed release experiment with an announcement stating the rest of its 2021 films will receive initial release exclusively in theaters.
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Source Fool.com
