Why AMC Entertainment Stock Fell Today
Shares of AMC Entertainment (NYSE: AMC) have fallen today, down by 6% as of 1:15 p.m. EST, as investors continued to fret about the decision by AT&T's (NYSE: T) WarnerMedia segment to stream Warner Bros. movies in 2021 simultaneously alongside theatrical debuts. AMC also filed a shelf registration statement with the Securities and Exchange Commission that will allow it to raise cash.
Warner Bros. said yesterday that it would adopt a new hybrid distribution model in response to the pandemic. The company plans to release its 2021 lineup, which will include a Suicide Squad sequel and Dune, on HBO Max.
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Source Fool.com
