History has shown us that stocks can get out of wack in the near-term fundamentally, but eventually come back to their general market valuation. Ultimately, a deleveraging event will occur that will take AMC down to $15.00 where it may have a shot of holding. Investors should expect a bounce there, but short lived. The technical chart on AMC shows no major support until the $32.00 level, a key gap fill. As the stock falls, more and more of those Reddit buyers will get scared and dump. While the Wall Street Bets crowd continues to pump, volume has dried up significantly. This will continue to take a huge bite out of the possible future growth for AMC. The revenue split is almost 50/50 which is extremely bad for AMC. Just this weekend, movies have debuted in AMC theaters while also being released on Disney+ and other mediums.
#The great wall movie amc movie
Not only has the management issued 400 million new shares, diluting shareholders 5x over, but the movie theater business has fundamentally changed. This is no surprise as the fundamentals have made no sense. is headquartered in Columbus, Georgia.Shares of AMC Entertainment Holdings (AMC) continue to move lower as the stock has now sold off 40% off its recent all-time high. is based in Leawood, Kansas, which will be the combined company's new headquarters. AMC is focused on larger cities while Carmike is in smaller markets.ĪMC Entertainment Holdings Inc. He noted there are only a few markets where the companies' theaters overlap and where closures might occur. "Clearly, they are supportive of what AMC is doing, and what AMC is doing is we're growing our business," Aron said.Īron said any possible theater closures would "depend on a conversation with the Justice Department." He also said Wanda, which owns 75 percent of AMC, was supportive of the deal, but he declined to speak on behalf of Wanda. He said the cost of upgrading would be "reasonable" and profitable.
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The boards of both companies approved the deal, which is expected to close by the end of the year following a review by government competition authorities.ĪMC CEO Adam Aron said he hopes the combination will boost profits in 2017 and enable about $35 million in annual savings, while bringing upscale amenities like alcohol service, reclining chairs, and expanded food offerings to more venues. Regal Entertainment Group, the current leader, runs nearly 7,400 screens in about 570 theaters. The acquisition will boost AMC's theater locations by more than 70 percent to well over 600 and increase its screen count by half to nearly 8,400. Wanda is also behind a multibillion-dollar studio complex being built in eastern China that was used to shoot the upcoming movie, "The Great Wall."ĪMC will pay $30 in cash per share, about 19 percent higher than the $25.11 Carmike shares closed at Thursday.
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Just two months ago, it said it would spend $3.5 billion to acquire mid-level studio Legendary Entertainment, the co-financier of blockbusters like "Jurassic World" and "The Dark Knight." The combined company will be the dominant theater chain in North American and signals Wanda's further expansion into the entertainment industry. LOS ANGELES (AP) - AMC Entertainment is acquiring rival Carmike Cinemas to create the world's largest movie theater chain.ĪMC, which Chinese conglomerate Dalian Wanda Group bought in 2012, said Thursday it is paying $1.1 billion including debt for Carmike.