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Cult Classic AMC Takes a Confusing Turn for Investors

Grab some popcorn as we look at AMC after its 'APE' shares began trading and a competitor is hit with bankruptcy fears..AMC ....

Jim Chanos , Adam Aron , Regal Cinemas , Brad Ginesin ,

KPIX CBS Weekend News June 4, 2024 00:52:00

Journal cbs s tom wait reports there s trouble ahead. come on! having any fun yet? reporter: hollywood is rebounding at the box office with a string of summer blockbusters. feel the power of thor! reporter: thor: love and thunder. jurassic world: dominion. s ndhi year s biggest movie, top gun: maverick, from paramount global the parent company of cbs and paramount pictures, boosted ticket sales, but it may not be enough. the problem is there weren t enough blockbusters this summer for the theater chains to really say that we are back. the big three, amc, regal and cinemark, they re really struggling to keep moving forward. reporter: that harsh reality may be setting in for regal, owned by cineworld. the doomsday clock might be about out of time. reporter: the wall street journal reports cineworld is expected to file for bankruptcy because of lower than expected ticket sales. but that doesn t mean the company s 500 u.s. theaters will ....

Box Office , Tom Wait , Summer Blockbusters , Parent Company , Love And Thunder , Jurassic World Dominion , Paramount Global , Top Gun , S Ndhi , Theater Chains , Ticket Sales , Big Three , Paramount Pictures , U S , Doomsday Clock , Doesn T , Wall Street Journal ,