Hey there, movie buffs! Ready for the scoop? So, it looks like AMC just pulled off quite the stunt over New Year’s with a little help from Netflix!
In a spectacular crossover, AMC teamed up with Netflix to show the series finale of ‘Stranger Things‘ across 231 theaters, and boy, did it pay off! They raked in a jaw-dropping $15 million over just two days! Not too shabby, right? For those keeping score at home, that’s about 12 times sweeter than their total revenue for the entire last quarter at $1.3 billion. Talk about a blockbuster!
Adam Aron, the big boss at AMC, is riding high, hinting at more collaborations with Netflix in the future. “More enticing projects are coming!” he exclaimed, making us wonder if AMC is going for friendly synergy or if they are just trying not to ruffle too many feathers with the streaming giants. Decisions, decisions!
Now, AMC hasn’t been on easy street lately. The past year saw their stock tumble more than 60%. Yikes! And with streaming becoming the go-to for many viewers, they’re feeling the pinch. But hey, they’re putting on their game face and looking for a comeback, with 2026 in their sights for a potential revival.
AMC, once a go-to place for movie lovers, is facing challenges as everyday folks prefer Netflix and chill over big screens. Remember when AMC was the meme stock champion? Those times were lit but those dreams faded fast when reality hit. Their revenue growth rate has been a mere 5.4% in the last decade. Not exactly a Michael Bay film explosion!
As AMC navigates these troubled waters, their latest quarterly results reported losses wider than a gaping plot hole at $0.58 a share, leaving investors asking,
