I Want AMC Entertainment to Live -- but It Will Probably Die in 2021
This has historically been a seasonally potent time at your local multiplex. Movie studios make the most of the Thanksgiving holiday weekend, anchored by large family reunions that are full on leftovers but hungry for entertainment. Hollywood puts out potential blockbusters, wooing theater goers in large groups.
Things naturally are going to play out very differently year. Studios and patrons alike are steering clear of the movie house in the new normal. Science-abiding families are keeping their holiday reunions in check, if not virtual. Have you seen the Black Friday deals on dirt cheap gargantuan high-def TVs to flesh out your home theater?
It's fitting that the only film of note opening this holiday weekend is Comcast's (NASDAQ: CMCSA) The Croods: A New Age, an animated feature about a prehistoric family that wanders into a walled-in paradise that's evolved to the point where it meets most of their basic needs. We're the Croods in a new age. We're comfortable consuming entertainment at home now, and AMC Entertainment Holdings (NYSE: AMC) isn't going to shake us from this walled-in paradise that now comfortably meets most of our basic needs.
Source Fool.com
