[ad_1] Cinemas stocks got a boost Wednesday after a report said Amazon plans to spend $1 billion a year on theatrical film releases. The tech company plans to make between 12 and 15 movies for movie theaters each year, Bloomberg reported, citing people familiar with the matter. A smaller number …
Read More »Wakanda Forever’ aims to break box office records
[ad_1] Angela Bassett stars as Queen Ramonda in Marvel’s “Black Panther: Wakanda Forever.” Disney Long live the king. Disney’s latest entrant in the Marvel Cinematic Universe, “Black Panther: Wakanda Forever,” is on pace for a stellar theatrical debut this weekend, with box office analysts suggesting it could outpace the $185 …
Read More »Tesla, Meta, DR Horton and more
[ad_1] Check out the companies making headlines before the bell: Tesla (TSLA) – SEC filings show CEO Elon Musk sold nearly $4 billion in Tesla shares in the days following his purchase of Twitter. Tesla shares added 1.5% in the premarket. Meta Platforms (META) – The Facebook parent’s shares rallied …
Read More »AMC Entertainment (AMC) earnings Q3 2022
[ad_1] AMC Entertainment on Tuesday reported another quarterly loss despite higher revenue from a year ago, as it spent more on operational costs. The world’s largest movie theater chain is contending with a massive debt load, dilution of its stock and a film release schedule short on blockbusters. While the …
Read More »Be ready to ‘pounce’ when the market is oversold
[ad_1] CNBC’s Jim Cramer on Friday warned investors not to let their guard down when it comes to their portfolios and be ready to take advantage of good deals. “Ultimately, you’re just going to feel sorry if you don’t buy anything on the big sell-offs. When the market finally gets …
Read More »AMC Entertainment stock falls to 52-week low
[ad_1] The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014. Richard Levine | Corbis News | Getty Images AMC Entertainment hit a new 52-week low Wednesday as the movie theater company contends with a massive debt load, dilution of its stock and …
Read More »Netflix is losing the streaming war amid Disney+’s rapid growth
[ad_1] Over the past 25 years, Netflix has changed the film and television landscape. The company has amassed nearly 221 million subscribers across 190 countries, billions of hours watched for popular series like “Stranger Things,” and along the way has racked up 226 awards. Since going public in 2002, the …
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