Disney Hammers Another Nail in AMC's Coffin
A lot can change in less than a year, and right now the extreme makeover is not a good look if you're AMC Entertainment (NYSE: AMC) or one of the smaller movie theater chains. Walt Disney (NYSE: DIS) CEO Bob Chapek was speaking at an analyst conference this week, and it doesn't seem as if the House of Mouse is going to approach theatrical distribution with the same attitude as a year ago.
"I think the consumer is probably more impatient than they've ever been before," Chapek said during Monday's presentation at the Morgan Stanley Technology, Media and Telecommunications Conference, as recounted by Variety.
We've been spoiled by streaming access to the biggest releases over the past year, and that's not an easy spigot to turn off once it's been turned on. Chapek sees what multiplex operators don't want to see, and in the eyes of consumers it's no longer AMC calling the shots on theatrical release windows.
Source Fool.com
