Brent Lang Executive Editor of Film and MediaNew blockbuster films like “Fast 9” and “A Quiet Place Part II” bolstered revenues at AMC Entertainment, even as the reemergence of a new and highly contagious variant of coronavirus threatened to undue the theater industry’s recent gains.
A better-than-expected earnings report sent shares of the company surging in after-hours trading, though that enthusiastic response is to be expected given AMC’s new status as a meme stock.
That said, there were signs that after a devastating year in the wilderness, AMC and other theater chains are starting to see improvements.
Revenues at the exhibition giant hit $444.7 million, up from $18.9 million in the year-ago period. Losses also shrank. AMC recorded a.
Read more on variety.com