Amazon is going in for the Kill on Hollywood. Amazon is in takeover talks for AMC theatres.

[Anerdyblackguy]

AMC shares jump 17% after sources say Amazon is circling the theater chain
May 11, 2020 6:57 AM ETAMC Entertainment Holdings, Inc. (AMC)3 Comments

• Sources say Amazon (NASDAQ:AMZN) is considering buying AMC Theatres (NYSE:AMC), the world's largest cinema chain. The duo are said to have held talks about a potential takeover of AMC by Amazon; it is unclear if the discussions are still active or if they will lead to a deal, DailyMail reports.
• A deal would give Amazon a tighter grip on Hollywood.
• AMC is reportedly on the verge of bankruptcy, giving Amazon the opportunity to snap it up on the cheap.
• In 2018, Amazon considered buying Landmark Theatres, but lost out to the eventual buyer, Cohen Media Group. Netflix (NASDAQ:NFLX) was also reportedly in the running to buy Landmark.
• A takeover of AMC would be on a different scale. Landmark had 250 screens in the U.S., while AMC has about 10,000 around the world.
• Shares of AMC are +17% on volume of 61K shares.
  

 

[Anerdyblackguy]

Own the Studios

Then you own the content

Then finally own the distribution.

 

[Rawtid]

We getting Bezos money...

 

[newworldafro]

Plandemic?

DestroY the economy, buy up existing businesses and assets for pennies On the dollar...not even half the year is over, and this is just the beginning, we have been told.

 

[The ADD]

fukking wow

 

[SuavePrince]

Bezos about to own America before the year is up

 

[ba'al]

Bezos about to own America before the year is up

 

[UberEatsDriver]

Who has AMC stocks? Let me know so I can rep you.

 

[EA]

I’m copping some shares now

 

[Crude Abolitionist]

Plandemic....

 

[Swiggy]

Prime better get me free popcorn

 

[UberEatsDriver]

@TheKang boast about it so you can get that rep B

 

[Nigerianwonder]

Who has AMC stocks? Let me know so I can rep you.

I bought in at the low a few weeks back when it was looking grim. Wish I had put in more but still over 100% return so far.

 

[TheKang]

@TheKang boast about it so you can get that rep B

Got in at $3.99 but I p*ssyfooted around on buying A LOT instead I went all in on TOPS thats at like .23 cents a share right now lol

 

[Easy-E]

Plandemic?

DestroY the economy, buy up existing businesses and assets for pennies On the dollar...not even half the year is over, and this is just the beginning, we have been told.

In defense of this not being a "plan" the business model of Movie Theaters was on life support.