Dec. 21 at 7:09 AM
$AMC Studios dumping movies to PVOD just weeks after theatrical release killed theaters. Why go when it’s at home in two weeks? No one’s going anymore. No
$500M movies this year and Avatar 3 is shaping up to be a disaster.
AMC’s CEO sold the only asset that mattered (HYMC), piled on debt, and destroyed 95% of shareholder value. This wasn’t bad luck. This was sheer incompetence.