AMC Theaters May End Up Being Acquired By Amazon According To A New Rumor

AMC Theaters May End Up Being Acquired By Amazon According To A New Rumor

It's no secret that AMC Theaters is struggling right now, and a new rumour claims that the chain could end up being acquired by Amazon, further closing the gap between the theatrical and streaming worlds.

By JoshWilding - May 12, 2020 03:05 AM EST
Filed Under: Amazon
Source: Mail Online

The entertainment landscape is changing in a huge way as a result of the COVID-19 pandemic, and movie theaters are struggling right now. Forced to close their doors, it's hard to say when things will finally return to normal for them, especially as strict social distancing measures will be necessary - something which is going to hurt ticket sales in a major way. 

July is currently the planned re-opening date, but one chain that's really suffering is AMC (the company owns Odeon Cinemas in the UK). They were facing bankruptcy before the crisis despite being the biggest theater chain in the world, and they've controversially decided to stop showing Universal films in response to Trolls World Tour getting a VOD release. 

Now, though, a new rumour shared by The Daily Mail (meaning you should definitely take it with a pinch of salt) claims that Amazon could be considering buying AMC. 

Given the chain's current financial situation and the fact that Amazon is thriving right now, this would make sense, and the company did previously attempt to acquire Landmark Theaters before losing out to Cohen Media Group. Needless to say, this would be a game-changer, and something likely to further close the gap between the theatrical and streaming worlds.

Neither company has commented on these claims, but AMC is a bad way, so selling up to Amazon could be their only option right now. Either way, expect things to continue to change this year as Hollywood is forced to find new ways to operate in the midst of a deadly global pandemic. 

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jarcastanon
jarcastanon - 5/12/2020, 3:52 AM
Slow news day, huh?
CorndogBurglar
CorndogBurglar - 5/12/2020, 4:14 AM
@jarcastanon - I mean, Amazon buying the biggest theatre chain in America is pretty interrsting.
Origame
Origame - 5/12/2020, 5:43 AM
@jarcastanon - hows an aquisition this size considered slow news day? At what level do you consider news interesting?
ShimmyShimmyYA
ShimmyShimmyYA - 5/12/2020, 6:08 AM
@Origame - when amazon buys earth
Rmcbride7349
Rmcbride7349 - 5/12/2020, 6:30 AM
@jarcastanon - Buddy this huge news what are you talking about?
Origame
Origame - 5/12/2020, 7:22 AM
@ShimmyShimmyYA - apparently. Personally i dont get outta bed until news of galactic domination but to each their own.

Also, i like how two people liked his comment. Apparently two guys agree this must be a slow news day. When amazon buys amc.
teefurtree
teefurtree - 5/12/2020, 4:24 AM


It's Jeff Bezos' world, we're just living in it
bkmeijer2
bkmeijer2 - 5/12/2020, 4:49 AM
@teefurtree - Might not be long before he buys the United States
Origame
Origame - 5/12/2020, 5:45 AM
@teefurtree - yeah. I dont know how to feel about this. On one hand, amazons getting massive. On the other hand, amc probably wouldnt have survived the pandemic otherwise.
Unscrupulous
Unscrupulous - 5/12/2020, 5:59 AM
@Origame - AMC is owned by China. Same people who started the pandemic in first place.
Origame
Origame - 5/12/2020, 6:00 AM
@peopacolypse - ...ok?
Goldboink
Goldboink - 5/12/2020, 6:56 AM
@teefurtree -
I am conflicted. I bought Amazon stock and it has tripled since that time. It is unsavory to say the least to have one man be that rich and powerful however if he had not bought the Washington Post it may not exist. This is a situation where AMC is going belly up and he has the simoleons laying around to buy it and save it.
dragon316
dragon316 - 5/12/2020, 7:13 AM
@peopacolypse - president is idiot calling it China virus is there fact they created it came from China no fact they created , there are other viruses originated from other places don’t mean they created them
sadham
sadham - 5/12/2020, 7:19 AM
@Goldboink - he may have "saved" the WaPo, but can you honestly tell me you trust them? Do you really think they have your best interests in mind now or Bezos' and his interests?
Goldboink
Goldboink - 5/12/2020, 8:07 AM
@sadham -
The Washington Post does important reporting. I trust him far more than Rupert Murdoch or the clowns that run Sinclair or OAN.
Unscrupulous
Unscrupulous - 5/12/2020, 8:27 AM
@dragon316 - almost all pandemics just over the last 100 years have come from China.
teefurtree
teefurtree - 5/12/2020, 8:52 AM
@Goldboink - Right. I'd prefer AMC survives too. A deal with the devil, I guess. (Okay maybe a little dramatic, lol).
npkuiper
npkuiper - 5/12/2020, 5:12 AM
Vertical Integration laws would bar a studio from purchasing a means of distribution. Regulators wouldn't approve this---non-news.
Unscrupulous
Unscrupulous - 5/12/2020, 5:57 AM
@npkuiper - I’d prefer an American company to own it. Than the current Chinese.
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