As AMC seeks to add more theaters to its portfolio, insiders warn that the market already has too many screens

, but former Regal Entertainment CFO David Ownby told Jefferies there are too many screens in North America.

As AMC moves to add more theaters, it's searching for high-performing locations that were abandoned during the pandemic, it may also need to shed some of its underperforming cinemas. His thesis matches others in the industry who have noticed a decline in moviegoing even before the pandemic. These analysts foresee that trend continuing.

In the last decade, movie theaters have increasingly retrofitted their locations with recliner seats in an effort to make the moviegoing experience more appealing to audiences. With these improvements, cinema owners are also able to charge more per ticket. While some box office analysts see a long-term payoff for this strategy, others feel AMC should make debt repayment a top priority.

sarahwhit10 Exhibitors should have used the lockdown as a way to relaunch cinema experience in the streaming era to embrace subscription based cinema as this is the only way admissions can start to increase again which they haven't done in the US since 2002 and the UK increased 1% since 2002

sarahwhit10 You guys are fucking hilarious, you are the best fud spreader that gets no action in your fud still you doing it!!!😂😂😂 dumb fuckheads

sarahwhit10 Too many screens? When the next blockbuster comes out, those screens are sold out of tickets.

sarahwhit10 Please get MelissaLeeCNBC to tell us about NakedShorts again.

sarahwhit10 More fake news. Buy AMC and hold

sarahwhit10 You guys are sad in your attempts NakedShorts NakedShorting amc

sarahwhit10 That’s because they’re going to be one of the highest valued stocks soon. amc amcsqueeze amcshortsqueeze AMCSTRONG amcapes

sarahwhit10 A Blockbuster style move—bad tea leaves. .

sarahwhit10 “Insiders”

sarahwhit10 Add them then shut them down, sounds good to me

sarahwhit10 Tell that 2 my grandkids who watch Netflix on tv while watching shit on YouTube!

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As AMC Entertainment stock surges 20%, SEC says it’s watching memes for ‘disruptions of the market, manipulative trading, or other misconduct’The SEC said it is closely monitoring frenetic moves in the stock market amid the stratospheric surge in $AMC and $GME. AMC is surging nearly 17%, and is up over 2,600% in the year to date. Gee, you don’t say...
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