Is AMC Entertainment a Buy After Announcing Video Streaming Plans?

| October 23, 2019

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2019 has been billed as a transitional year by AMC Entertainment's (NYSE:AMC) management. It's the year that Stubs A-List -- the company's subscription service answer to the now-defunct MoviePass -- came into its own; the company started screening National Football League games at select theaters; and it recently became the first theater to take a stab at home entertainment by launching on-demand movies and TV shows. The world's largest cinema chain is testing new ideas, and it's driving decent enough growth in a mature industry. In fact, management said the company's Stubs A-List program is already profitable. But profits overall have been subdued during this period of "transition", and debt is high from its acquisition spree of Odeon & UCI, Nordic Cinema Group, and Carmike Cinemas a couple years ago.

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mm2 Entertainment

Headquartered in Singapore, mm2 champions “Content and Media for Asia”, with businesses in the production and distribution of film, TV and online content, post-production, cinema operation, event production and concert promotion in Singapore, Malaysia, Hong Kong, Taiwan, China and the U.S.

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Spotlight

mm2 Entertainment

Headquartered in Singapore, mm2 champions “Content and Media for Asia”, with businesses in the production and distribution of film, TV and online content, post-production, cinema operation, event production and concert promotion in Singapore, Malaysia, Hong Kong, Taiwan, China and the U.S.

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