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MarketWatch
AMC CEO Adam Aron eyes 2023 hike in movie releases, touts ‘path to eventual pandemic recovery’
AMC Entertainment Holdings Inc.’s path to recovery will be helped by an increase in movies released in theaters this year, according to CEO Adam Aron, who noted that 35% more movies will be released in 2023 than in 2022, as the movie-theater industry attempts to recover from COVID-19-related slowdown. “Articles quoting so-called experts thinking streaming dooms movie theatres are SO fundamentally incorrect,” Aron tweeted Friday. AMC’s (AMC) stock ended Friday’s session down 8.6%, compared with the S&P 500 Index’s (SPX) gain of 0.22%.
