Is an Outdated Business Model a Bigger Risk Than COVID-19 for AMC Entertainment Stock?
Movie-theater operator AMC Entertainment Holdings (NYSE: AMC) is teetering on the edge of bankruptcy in 2020. The COVID-19 pandemic forced the company to close all of its screens for several months, and the major Hollywood studios are moving most of their expected box-office hits for the year into 2021 and beyond. Some are even choosing to shift long-awaited titles over to digital-streaming services right away, skipping the theaters altogether.
It's easy to point a finger at the health crisis as the root cause of AMC's financial trouble, but the real reason behind the company's impending doom actually started many years ago.
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Source Fool.com