• Movie Theaters Need a Big Bang to End 2021

    22 days ago - By Observer

    Money may not be able to buy happiness, but it sure helps keep the lights on. In August, AMC Entertainment, owners of the world's largest movie theater chain, projected $5.2 billion for the 2021 domestic box office total. Now, out of necessity, AMC is setting a new, lower target for ticket sales as it pushes to finally turn a profit in the fiscal year fourth quarter.
    Earlier this week, AMC leadership said the company can post positive cash flow in Q4 if the box office grosses from October, November, and December reach at least $2 billion combined. Such a push would bring the full-year box...
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