Today news
Warner Bros
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
Related News
AMC Entertainment Stock Upgraded as ‘Bankruptcy Risk Appears to Have Subsided’
Reading now: 316
variety.comBy Dave McNary Film Reporter MKM Partners analyst Eric Handler has upgraded stock of AMC Entertainment Holdings from sell to neutral, citing reduced risk of bankruptcy. “Near-term bankruptcy risk appears to have subsided,” the analyst wrote in a note to clients on Wednesday.
He said the lower risk is due to “the combination of (1) the increasing likelihood movie theaters in the U.S. and Europe will be able to re-open with new Hollywood content in the July/August time frame; and (2) the company’s improved liquidity position.” Handler raised his price target for the stock from $1 to $5.
AMC shares gained 3.5% in early trading on Wednesday to about $5.29 a share on the New York Stock Exchange. The analyst pointed to Warner Bros.’ launch of
Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
