Study of AMC
12/03/2020 – bad news for AMC, good entry point or still not yet?
WarnerMedia CEO Jason Kilar doesn’t think he just destroyed the movie theater industry
On Thursday, AT&T’s WarnerMedia announced it would release its entire 2021 slate of films directly on HBO Max at the same time they hit theaters. Investors and industry-watchers greeted it as earth-shattering news for the movie theater industry. AMC Entertainment fell 16% on the day. Cinemark fell 22%.
WarnerMedia CEO Jason Kilar thinks they’re overreacting.
“Everyone should take a breather,” Kilar said in an interview. “Let’s let the next six, eight, ten months play out. And then let’s check back in.”
