The coronavirus crisis got very real for Hollywood this week [Los Angeles Times (CA)]
AMC Entertainment Holdings, Inc. Class A (AMC)
NASDAQ:AMEX Investor Relations:
investor.amctheatres.com
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Source: Los Angeles Times
For weeks, it’s been clear that the growing coronavirus crisis would have significant effect on Hollywood, due to closed theaters in China and nervous customers around the world. This week, though, the situation got very real for the entertainment industry, which relies heavily on live events and group experiences. Media and entertainment stocks — including Walt Disney Co. and AMC Entertainment — were hammered Thursday, along with the rest of the market, reflecting deepening investor fears about the financial impact of the virus. Hollywood studios scrambled to push back release dates for potential blockbusters including Disney’s “Mulan,” Paramount Pictures’ “A Quiet Place Part II” and Universal Pictures’ “F9,” the latest in the “Fast and the Furious” saga. The new “Fast” movie has been delayed by nearly a year. CBS, NBCUniversal, Fox and other TV networks separately canceled their advertiser presentations in New York in May. The lavish events, which draw thousands of advertisers, kick
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AMC
News
- AMC Entertainment Holdings, Inc. (NYSE: AMC) had its "underperform" rating re-affirmed by analysts at Macquarie. They now have a $4.00 price target on the stock.MarketBeat
- US$4.24: That's What Analysts Think AMC Entertainment Holdings, Inc. (NYSE:AMC) Is Worth After Its Latest Results [Yahoo! Finance]Yahoo! Finance
- AMC Theatres® Announces AMC's Go Plan – a Multi-Year Plan to Invest up to $1.5 Billion Over Four to Seven Years, Greatly Improving the Movie-Going Experience at AMC [Yahoo! Finance]Yahoo! Finance
- AMC Theatres® Announces AMC’s Go Plan – a Multi-Year Plan to Invest up to $1.5 Billion Over Four to Seven Years, Greatly Improving the Movie-Going Experience at AMCBusiness Wire
- AMC Entertainment Holdings, Inc. (NYSE: AMC) had its price target lowered by analysts at B. Riley from $8.00 to $6.00. They now have a "neutral" rating on the stock.MarketBeat
AMC
Earnings
- 11/6/24 - Beat
AMC
Sec Filings
- 11/12/24 - Form 8-K
- 11/8/24 - Form SC
- 11/6/24 - Form 10-Q
- AMC's page on the SEC website