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Here's Where AMC Entertainment Begins Its Rebound

TheMotleyFool

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Here's Where AMC Entertainment Begins Its Rebound

AMC Entertainment (NYSE: AMC) is taking a beating from Disney's (NYSE: DIS) announcement plans to simultaneously release two highly anticipated films to theaters and its Disney+ streaming service.

AT&T's (NYSE: T) Warner Bros. studio also committed to releasing its entire slate of films to theaters and streaming this year. If more studios follow suit, the trend could put a serious crimp in the theater industry's ability to rebound quickly.

While AMC's stock has taken a 33% haircut this week, the doomsday scenario that drop is signaling is not likely. The cinema owner's shares may still be overpriced, but it's not for the reason the market is giving. In fact, AMC is very likely on the road to recovery.

Source Fool.com

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