"AMC's Quarterly Growth Tied to Taylor Swift and Beyonce, Stock Slides After Q4 Results"
TL;DR Summary
AMC Entertainment's CEO credited Taylor Swift and Beyoncé's concert movies for the company's fourth-quarter revenue growth, stating that "literally all" of the increase in revenue and adjusted EBITDA was due to showing their films in theaters. The two concert movies also boosted AMC's U.S. market share and contributed significantly to the industry-wide box office. The success has prompted AMC to consider distributing more content from world-class musical artists and exploring alternate content opportunities such as comedy and sports.
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- AMC’s stock slides after Q4 results, on pace for biggest decline in four months MarketWatch
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