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Why AMC Stock Is Dropping

TheMotleyFool

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Shares of AMC Entertainment (NYSE: AMC) plunged nearly 15% Tuesday after Walt Disney (NYSE: DIS) said it would make two of its most-awaited movies available for viewing on its streaming service the same day they begin showing in theaters.

For a fee of $29.99, Disney+ subscribers will be able to watch Marvel's latest superhero blockbuster, Black Widow, starring Scarlett Johansson, on July 9 -- the same day it debuts in theaters. Disney will use a similar launch approach with Cruella, a live-action film based on the villain from its classic hit, 101 Dalmatians.

Blockbuster releases on streaming services could make it difficult for AMC Entertainment to fill its theaters. Image source: Getty Images.

Source Fool.com

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