What If AMC Threw a Coming-Out Party and Nobody Came?
Leading move theater operator AMC Entertainment (NYSE: AMC) drew a line in the sand when it announced plans to have most of its major multiplexes open by July 15, but now the industry is moving the sandbox. Christopher Nolan's time-bending Tenet was supposed to be put out by AT&T's (NYSE: T) Warner Bros. on July 17. Disney's (NYSE: DIS) Mulan live-action reboot would follow a week later after pivoting from its original late March arrival.
However, with AT&T's movie arm bumping Tenet to July 31 and then pushing out that date Aug. 12 on Thursday -- and Disney's Mulan getting rescheduled on Friday to an Aug. 21 release date -- can AMC realistically reopen next month? Audiences were going to be a hard draw even with top-notch content, and now we're lacking the first wave of summer blockbusters to give it any kind of fighting chance to succeed.
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Source Fool.com
