Get the latest gossip
AMC Theatres CEO Blames Strikes for Weak Q2 Financial Results
AMC Theatres, the world's biggest exhibitor, fell short of projections with its quarterly earnings.
As a result of the work stoppage, Hollywood studios upended much of the early 2024 release calendar and delayed major films that wouldn’t have been completed on schedule — leaving cinema operators with less to offer their patrons in the first half of the year. “As we accurately predicted and previously disclosed, the prolonged actors and writers strikes of 2023 severely reduced the number of movies being released theatrically in the early months of 2024,” says AMC’s chairman Adam Aron. May and June releases like Disney and Pixar’s blockbuster “Inside Out 2,” “Kingdom of the Planet of the Apes” and “Bad Boys: Ride or Die” were bright spots in an otherwise bleak period for moviegoing.
Or read this on Variety
