Why AMC Stock Is Dropping
Shares of AMC Entertainment (NYSE: AMC) plunged nearly 15% Tuesday after Walt Disney (NYSE: DIS) said it would make two of its most-awaited movies available for viewing on its streaming service the same day they begin showing in theaters.
For a fee of $29.99, Disney+ subscribers will be able to watch Marvel's latest superhero blockbuster, Black Widow, starring Scarlett Johansson, on July 9 -- the same day it debuts in theaters. Disney will use a similar launch approach with Cruella, a live-action film based on the villain from its classic hit, 101 Dalmatians.
Blockbuster releases on streaming services could make it difficult for AMC Entertainment to fill its theaters. Image source: Getty Images.
Source Fool.com
