Business
Why Amazon May Be Interested in Buying AMC
AMC Entertainment rose as much as 18% after the Intersect website reported that Amazon is weighing a possible acquisition of the movie-theater chain. Tom Giles has more on “Bloomberg Markets: The Close.”
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Martha Gimbel, executive director and cofounder of the Budget Lab at Yale University, says artificial intelligence is unlikely to offset the economic challenges of an aging population, arguing the US is confronting two major transitions at the same time rather than one solving the other. She says AI could improve productivity in some areas, particularly by helping caregivers with physically demanding tasks, but questions whether consumers will embrace automation in roles where human interaction remains essential.
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“We believe Mexico is a really important milestone for our great brand as we continue to lean into our global strategy. It’s an important country for us, we recognize and admire the culinary heritage that is a part of the Mexican culture,” says Chipotle Mexican Grill CEO Scott Boatwright on the chain’s global expansion https://bloom.bg/4wKJnvc
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Delta Air Lines Chief Executive Officer Ed Bastian says higher fuel prices are not deterring travel. He says the carrier is actually seeing strong demand for premium, corporate and international travel. He also talks about how some customers are choosing a better seat on the plane over perks they could get in first class. He speaks to Bloomberg’s Lisa Abramowicz at Delta headquarters in Hapeville, Georgia on “Bloomberg Surveillance.”
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After SpaceX’s record-setting IPO, some investors like Danish pension fund AkademikerPension have already rejected the stock over what they call “catastrophic governance,” turning SpaceX into a test case for how much control public markets are willing to give founders https://bloom.bg/3EMZYZX
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Hungary’s parliamentary vote to amend the constitution crowns a frenetic period of legislative activity since Prime Minister Peter Magyar pledged to reincarnate democracy in the country. The result removed the president, set a limit of three parliamentary terms for legislators and sent allies of former PM Viktor Orban in top courts into retirement. Bloomberg’s Zoltan Simon reports.
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@Bnguyen276
January 7, 2024 at 12:29 am
Interesting. This will definitely bring cheaper and more variety. Amazon can do a lot with the acquisition of amc. I’m glad Amazon is buying back amc from china.
@RunThemAll
January 7, 2024 at 12:29 am
A Hedgefund lie to discourage people and get them to sell….?
@josephperezzi4413
January 7, 2024 at 12:29 am
This is bullshit this is pure destraction. The fact is that he has over 200 million shares on-loan average cost to borrow over 300% average, there are no shares to locate over 2 years already, there are billions and billions of synthetics. It is prime for a massive short squeeze and they want you to think that it's because Amazon however the shorts have to cover eventually because there are over five million people holding the stock we will not sell until we see our numbers
@grandmaster137
January 7, 2024 at 12:29 am
Amazon diversifying into cinemas and theaters. Time to buy thousands of AMC stocks!
@chadchavez4991
January 7, 2024 at 12:29 am
Fake news don’t believe it
@robertmolitor-wi7rp
January 7, 2024 at 12:29 am
Amc theater will become another piece of the Democrat Propaganda machine. I'll never watch another movie at amc if Amazon buys them out
@phillafresh5287
January 7, 2024 at 12:29 am
AMC is actually buying Amazon
@sparkybuchta8717
January 7, 2024 at 12:29 am
Why woujd amzn buy the part of the chain that loses the money … and genius … to buy amc they would have to buy amc… almost 2x that amount in ape. Pay on 5 bln in debt and another 5 billion in liabilities 🤣😂… for the money losing part of the industry that will beg for the content anyway ?? No way
@Dank69410
January 7, 2024 at 12:29 am
Fud
@normanoro206
January 7, 2024 at 12:29 am
If this is true, it's an interesting move. Amazon, of course, doesn't need to buy AMC to distribute its content in theaters. It bought MGM, so it probably has that expertise in-house already; and to the extent it doesn't, it could always partner with other studios like it did with Warner Bros Discovery for distribution of Creed III and Air internationally. Nevertheless, there might be at least some advantages to acquiring AMC. For example, it would give Amazon control in that part of the entertainment industry's "supply chain", buy it even more expertise regarding theatrical distribution and possibly provide some benefits against competitors. Plus, to the extent that being on the big-screen is a precondition to getting certain projects done and to the extent that theatrical releases drive eyeballs to streaming services, an acquisition might be worth it (unless you're positioned like Netflix, it's difficult making money currently via streaming services).
@markriley5155
January 7, 2024 at 12:29 am
💩 💩 💩 💩 💩 💩 💩 💩 😂
@orlandopizano9432
January 7, 2024 at 12:29 am
ooops, they hinted that people are going back to the movies… tentatively…
@joe241able
January 7, 2024 at 12:29 am
try much higher market cap
@brunolinares8642
January 7, 2024 at 12:29 am
be careful people promoting this crap are sell outs or hedge funds puppets
@ajb3225
January 7, 2024 at 12:29 am
Amazon just laid off 30,000 staff, so time has to be one of the worst streaming services available. Why would they buy a failing business in already tough times…
@robloxzack3476
January 7, 2024 at 12:29 am
Buy..buy…marger…🚀🚀🚀🚀🚀🚀 let go amc….
@jwass321
January 7, 2024 at 12:29 am
It’s for the moass
@jarule275
January 7, 2024 at 12:29 am
Lmao…surge. Just wait n see. The show goes on.
@daves_not_h3r3_man44
January 7, 2024 at 12:29 am
Why would Amazon want to continue to fund Adam's retirement fund?
What an absolute joke of "coverage" / news
@kevinbea2166
January 7, 2024 at 12:29 am
Or they want it bc Amazon shorted AMC and they want to buy it raise ticket prices and crash amc so Amazon doesn't go bankrupt
@BlackBriar0204
January 7, 2024 at 12:29 am
This stupid rumor has been being spread for the last 3yrs.
@danield3965
January 7, 2024 at 12:29 am
Bullish
@WEBUYUGLYAUTOS
January 7, 2024 at 12:29 am
I would like to add from my other comments bellow that the same corrupt Banks that were able to make Robin Hood remove there BUY BUTTON away in 2021 now uses tactics as HALTING A STOCK……these crooks will lie ,cheat and steal and pay there little fine (cost of doing business) to prevent another Game stop incident—SEC do your JOB !