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Forbes: A Lack Of Vision Is Driving AMC To Bankruptcy. What’s Next?
AMC is close to declaring bankruptcy. It is seeking another lifeline by trying to sell up to 15 million additional class A shares to stay afloat. But the odds that it will be able to avoid a Chapter 11 restructuring are nil.
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In an April, 26 Forbes article, I predicted that entertainment giants might swoop in to take a stake in theater chains. This would allow streaming giants to expand their distribution options, something Netflix has desired for years much to the resistance of theater chains. Taking a stake in theater chains would also benefit traditional studios like Disney because it will secure the theatrical outlet for their films.
Out of the ashes of COVID-19 will rise an industry where giant entertainment companies gain even more influence, where theater chains lose even more influence, and where consumers gain viewing options that better fit their lifestyles. It was a long time coming, and in many ways, it is the theaters’ own fault for their lack of vision.
Forbes: A Lack Of Vision Is Driving AMC To Bankruptcy. What’s Next? Oct 25, 17:56
You Lost The Argument. Oct 26, 00:14
Netflix may have a different vision of how theatrical releases of movies would work in terms of windowing, but they {nm} Oct 26, 03:15
haven't been trying to destroy it. {nm} Oct 26, 03:18
You can't form a baseball team and then try to join the MLB playing by whatever rules you want. {nm} Oct 26, 03:32
neither of those things have to do with trying to destroy theaters. {nm} Oct 26, 08:15
both the Egyptian and the Aero were going to close forever before Netflix got involved {nm} Oct 26, 08:07
Maybe true. And yeah, at the end of the day, maybe it would've been better for them to go away then. Time will tell. Oct 26, 12:20
