AMC, one of our largest movie theater chains, saw a drop of nearly 10 percent in fourth-quarter ticket sales. AMC is already deep in debt. Thanks to lousy fourth-quarter attendance fueled by a lousy selection of fourth-quarter movies, the chain is now in even deeper debt.
“On Monday, the debt-laden parent of AMC Theatres reported overall revenues at $1.28 billion, down 1.4 percent against a year-earlier $1.3 billion,” reports the far-left Hollywood Reporter . “That came as total attendance at its domestic and international theaters fell nearly 10 percent to 56.3 million patrons during the latest quarter.”
“U.S. markets attendance was off 7.5…
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