Movie theaters are not long for this world anymore. COVID ushered in the era of direct to consumer. Several studios have already adjusted their agreements with theaters as to how long a movie has to be out in theaters before it can go to digital/DVD. Personally, I believe there are far better options out there to invest in than a dying/lagging industry. Also, AMC is owned my Wanda Group which is a CCP lap dog.Twice an Aggie said:
I know they have been selling new stock and have flirted with bankruptcy but they seem to be a buy with potential upside due to the next giant stimulus. Any insight on if we think they go Chapter 11 and I would get wiped out or if stock sale, a few movies and a new stimulus would lead to a big upside as we emerge from COVID?
If not, any other recommendations on stocks to hop in on?
No way studios continue releasing directly to consumers, at least for major blockbusters. The problem with directly releasing to consumers is that consumers can share content with others, and can watch it multiple times without additional charges. Digital releases also increase the opportunity for pirated versions. Studios will lose billions if they continue direct releasing blockbusters.Ag92NGranbury said:
I bet on studios releasing directly to consumers... built an in-home theater as a result
No more paying $10 for popcorn
Dr. Not Yet Dr. Ag said:No way studios continue releasing directly to consumers, at least for major blockbusters. The problem with directly releasing to consumers is that consumers can share content with others, and can watch it multiple times without additional charges. Digital releases also increase the opportunity for pirated versions. Studios will lose billions if they continue direct releasing blockbusters.Ag92NGranbury said:
I bet on studios releasing directly to consumers... built an in-home theater as a result
No more paying $10 for popcorn
Theaters will definitely bounce back somewhat, although there will clearly be major changes to the industry.
Ally has been down for me all morning, fml.pickelm said:
Anyone having trouble trading options right now?
Then back down to 13 because nobody can freaking sell on any trading services!ChiefKiefton said:
In at 12.15 this morning! This thing is going 100+
Right now, it's a 100% gamble bet. The reason you'd want to jump in on this is it will most likely be where /r/wallstreetbets turns their attention to once GME is done. So if you get it now before it really rockets, you'll make some good money.Bobcat-Ag said:
Where do you realistically think this tops out at?
Finally back in the green. Website updated.wcb said:
Thought they were a good buy at $10. Having a hard time not buying a lotto ticket / doubling down under $3.
Additionally it has a higher float, so more shares are able to be traded and it has very low institutional ownership, 18% vs GME's 78% institutional ownership. Retail owners will be quicker to sell.bmks270 said:
GME has twice the short interest, 130%, vs the next behind it, AMC was at around 65% last I checked. So I don't think it will be as intense, but really there is no predicting this market or the group behavior of millions of redditors and retail traders.
