Good News for AMC: "Spider-Man: No Way Home" Keeps Smashing Box-Office Records

AMC Entertainment Group (NYSE: AMC) was crushed at the pandemic onset when all its theaters were forced to close temporarily. The movie theater company relies on bringing large groups together in person, so an outbreak of a potentially deadly virus will understandably lower attendance. Fortunately for stakeholders, the fight against COVID-19 keeps progressing with vaccines and treatments. That's allowing AMC to reopen and keep open its 950 theaters. 

In another round of good news, studios are once again releasing blockbuster films to the big screen after pausing releases during lockdowns. The biggest of them all has been Spider-Man: No Way Home. So how does that help AMC? 

Image source: Getty Images.

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Source Fool.com