Why AMC Entertainment's Stock Is Bouncing Around Today
Shares of AMC Entertainment Holdings (NYSE: AMC) fell 6.7% in morning trading on Thursday, but the movie theater operator was clawing its way back after having been down more than 10% early on.
Although there was no news directly related to AMC, yesterday Disney (NYSE: DIS) CEO Bob Chapek told analysts that the old Hollywood movie distribution model was likely dead and buried.
Because consumer expectations were greatly altered by the pandemic, causing them to become more impatient for releases of new films, Chapek says there's no going back to distributing movies to theaters for exclusive long-term engagements.
Source Fool.com
