According to a recent Bloomberg report, internal sources at Amazon say the company plans to invest $1 billion in theatrical film releases.
As AMC's management pointed out during the company’s latest earnings report, film production is the single most important factor affecting the theater chain’s overall success.
The Amazon news was positively received by AMC and other theater chain operators. Considering the volatile nature of, and high short interest in, AMC stock, we’ll be on the lookout for sharp upward moves in AMC.
Tech behemoth Amazon (AMZN) - Get Free Report is expected to invest about $1 billion a year in film production and releases, Bloomberg has reported. AMC Entertainment (AMC) - Get Free Report shares traded up nearly 5% on the bullish news. Other publicly traded theater companies saw similar moves.
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https://www.zupyak.com/p/3372146/t/according-to-a-recent-bloomberg-report-internal-sources-at-amazon-say-the-company-plans-to-invest-1-billion