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Movie theater stocks tumble, as Warner Bros. to release all 2021 movies in theaters and online at same time

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Movie theater stocks are tumbling after Warner Bros. said it will release all 2021 movies in theaters and online at the same time. $AMC

Shares of movie theater operators tumbled Thursday, AT&T Inc.'s T, +0.32% Warner Bros. said it will release all of its 2021 files simultaneously in theaters and its HBO Max streaming service, as The Wall Street Journal reported. AMC Entertainment Holdings Inc.'s stock AMC, -16.08% sank 18.1% in afternoon trading.

shed 7.7%. The selloffs come on a day that the S&P 500 SPX, -0.19% rose 0.2% toward a record close. Meanwhile, AT&T shares tacked on 0.2%.

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