Summer Blockbusters Are Back! What That Means for AMC Stock
Blockbuster movies have returned to the movie theaters and not a moment too soon for AMC Entertainment Holdings (NYSE: AMC). The international theater chain was one of the hardest-hit companies during the pandemic. Nearly all of its revenue comes from bringing folks together in one room to watch films on a large screen.
Its business was devastated when it had to shut its doors to the viewing public as the world tried to slow the spread of the coronavirus. Major studios either delayed the release of big-ticket films or sent them straight to streaming services, a move that was slowing AMC's sales recovery even as it reopened theaters.
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Source Fool.com
