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January 17, 2021

AMC Entertainment Holdings Inc

AMC still seeking $550 million lifeline as stock price closes at record low

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CNBC – For more and to sign up click here The world’s largest movie theater chain is still about $550 million shy of its fundraising goal. On Tuesday, AMC CEO Adam Aron said the company had managed to raise just over $200 million of the $750 million it needs to......

Movie theater owners are frustrated about streaming, but their survival depends on studios

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CNBC – For more and to sign up click here A Regal Cinemas movie theater stands at night on 42nd Street in New York, U.S., on Tuesday, Oct. 6, 2020. Amir Hamja | Bloomberg | Getty Images A lot has changed in the entertainment industry in 2020. With the surge......

AMC hopes to raise $125 million in fresh funding round as it fights bankruptcy

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CNBC – For more and to sign up click here People walk outside the newly boarded AMC 34th Street 14 movie theater as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 4, 2020 in New York City. Noam Galai |......

Stocks making the biggest moves premarket: AstraZeneca, Intel, Caterpillar, Alibaba & more

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CNBC – For more and to sign up click here Check out the companies making headlines before the bell: AstraZeneca – Britain became the first country to approve the drug maker’s Covid-19 vaccine, setting the stage for a rollout of millions of doses. The vaccine is not yet approved in the......

Streaming got its first big test against theatrical releases this weekend, and ‘Wonder Woman’ delivered on both

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CNBC – For more and to sign up click here Gal Gadot stars as Wonder Woman in Warner Bros. “Wonder Woman 1984.” Warner Bros. This past weekend provided the first real test for how blockbuster movies perform on streaming services when they’re released in movie theaters at the same time.......

Independent theaters and arts venues among many left hanging as Trump threatens Covid relief bill

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CNBC – For more and to sign up click here The $900 billion coronavirus relief package includes a long sought measure to send aid to struggling independent theaters and music venues. But now those cultural centers and small businesses are left waiting for help yet again. The measure was set......

AMC could benefit from bankruptcy, analysts say

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CNBC – For more and to sign up click here For the world’s largest cinema chain, bankruptcy could be the best option to survive the coronavirus pandemic. The crisis has battered theaters since March, crunching their bottom lines, but no one has been hit harder than AMC. The cinema chain headed......

AMC secures $100 million investment, but bankruptcy concerns still loom

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CNBC – For more and to sign up click here Street performers in Minnie Mouse costumes pass in front of an AMC movie theater at night in the Times Square neighborhood of New York, Oct. 15, 2020. Amir Hamja | Bloomberg | Getty Images The largest theater chain in the......

Disney+ emerges as an early winner of streaming wars, expects up to 260 million subscribers by 2024

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CNBC – For more and to sign up click here A scene from “The Mandalorian,” an original Star Wars TV series that will stream on Disney+. Source: Disney Disney said on Thursday evening it’s forecasting Disney+ will have 230 million to 260 million subscribers by 2024. It shows the rapid growth......

PubMatic, a 14-year-old ad tech company, pops nearly 50% on IPO

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CNBC – For more and to sign up click here Rajeev Goel, CEO, PubMatic Source: PubMatic Ad-tech company PubMatic shares popped after the company launched its initial public offering Wednesday. PubMatic, which runs a sell-side advertising platform that runs real-time programmatic ad transactions, was priced at $20 per share, but......

Discovery CEO David Zaslav: Winners and losers of streaming wars will be determined in next 12 to 24 months

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CNBC – For more and to sign up click here David Zaslav Bloomberg | Bloomberg | Getty Images Subscribe to CNBC Pro to read the full Q&A with Discovery CEO David Zaslav It won’t take long to separate the streaming haves from the have-nots, according to Discovery CEO David Zaslav.......

Your movie theater experience is going extinct

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CNBC – For more and to sign up click here The theatrical window isn’t broken, but it is full of cracks. Like so many other digital trends that have been accelerated by Covid-19, the way we watch theatrical releases saw big changes throughout 2020. The most significant shake-up: On Thursday,......

WarnerMedia CEO Jason Kilar says he doesn’t think he just destroyed the movie theater industry

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CNBC – For more and to sign up click here Jason Kilar speaks at the Business Insider Ignition conference in New York, U.S., on Thursday, Dec. 2, 2010. Peter Foley | Bloomberg | Getty Images On Thursday, AT&T‘s WarnerMedia announced it would release its entire 2021 slate of films directly......

Warner Bros. will launch every 2021 movie on HBO Max at the same time they hit theaters

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CNBC – For more and to sign up click here AT&T‘s Warner Bros. announced Thursday that all of its films scheduled to launch in 2021 will be released on HBO Max at the same time they are available in theaters. It’s currently a one-year plan. AMC shares were down more......

How Covid-19 upends superhero, horror movie theater era: Hollywood producer Jason Blum

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CNBC – For more and to sign up click here Hollywood movie producer Jason Blum recently told the New York Times that coronavirus has “shaken the movie business to its bones,” but the head of Blumhouse Productions, best known for its horror films, is bullish on the post-Covid future of......

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