Market News Daily: Amazon is Considering Acquiring AMC Entertainment.
Amazon (NASDAQ:AMZN) is considering buying AMC Entertainment (NYSE:AMC) according to Amazon Insiders, per Intersect.
AMC stock rose more than +16% on the news before getting halted.
The thinking is that Amazon can use AMC’s theatres as “marketing weigh stations,” said one Amazon insider.
This would be used for promoting Amazon Prime movies for awards contention, cross-selling services such as grocery delivery, serving as local distribution hubs, and collecting crucial data from AMC’s annual 200 million moviegoing customers.
“It would also throw a lifeline to AMC, the world’s largest theater chain whose financials were torpedoed by the COVID pandemic chased by Hollywood’s cut-throat pivot to their own streaming services. The cinema chain – whose stock traded a year ago at $34 and now languishes at about $4 – can be scooped up cheaply (and without a major premium) for just a few billion dollars,” says Intersect.
“The discussions inside Amazon’s headquarters in Seattle and entertainment offices in Los Angeles are fluid, and there is no certainty that the retail giant will even make an offer.
One insider told The Intersect that Bezos may just bide his time should AMC’s stock continue to erode, or even pounce on AMC assets if the company buckles into bankruptcy — a strategy reminiscent of British banking giant Barclays’ takeover of Lehman Bros. during the financial crisis.”
Amazon AMC Acquisition Rumor
Market News Daily: Amazon is Considering Acquiring AMC Entertainment | Amazon AMC Acquisition News.
Sources say Adam Aron responded to a text message late Monday evening with “we do not reply to rumors and speculation.”
Amazon did not immediately reply to several email inquiries seeking comment.
Intersect says these are internal discussions being held inside Amazon and no official offer has been made from either party.
Still, many investors over the years have speculated an offer would one day be brought to the table.
If Amazon acquired AMC Entertainment, it would boost the company’s market cap substantially, more than likely squeezing short sellers from this acquisition.
Would this be a gamechanger for AMC Entertainment?
I’d love to hear your thoughts on this in the comment section down below.
Market News Daily: Amazon and Apple are now contributing billions to the movie industry.
Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL) are now contributing billions of dollars to the movie theatre industry.
This is a great development for AMC Entertainment (NYSE:AMC), the largest movie theatre chain in the world.
“Experts are now projecting that ticket sales will be off about 15% from before the pandemic (with 15% less product) and just about every studio is ramping up output.
After years of negotiations and failed experiments, theater chains and movie studios have reached something of a truce.
Studios will debut most of their movies in theaters and can now make them available at home within a few weeks,” says Bloomberg.
AMC Entertainment stock has dropped -43% in the past month despite being up more than +9% this year-to-date.
Let’s discuss the latest developments happening with Amazon, Apple, and AMC.
Amazon Studios Set to Release “AIR” in Theatres
AIR tells the story of the game-changing partnership between Nike and a then-rookie named Michael Jordan. Stepping into theatres April 5. pic.twitter.com/aNKrQ43tQL
Amazon Studios has its first-ever original movie debuting in theatres globally on April 5th, 2023.
AIR tells the story of the game-changing partnership between Nike and a then-rookie named Michael Jordan.
Insider information surfaced in November last year that Amazon was planning to invest billions of dollars in the movie theatre industry.
This is the largest commitment to the movie theatre industry by an internet company, says Bloomberg.
The world’s largest online retailer aims to make between 12 and 15 movies annually that will get a theatrical release.
CNBC commented:
“While a $1 billion annual investment for film development is on the lower end of what major Hollywood studios spend each year, it’s a positive sign for the movie theater business, which has struggled in the wake of the pandemic.”
So far, Amazon Studios has 4 original movie titles coming out with dates still to be determined.
Apple to Invest $1 Billion Per Year in Theatrical Titles
Amazona and Apple will bring revenue to AMC in theatrical releases.
The movie theatre industry, including the world’s largest movie theatre chain AMC Entertainment, will receive an additional $1 billion per year in theatrical titles from Apple.
Aside from Amazon, Apple’s investment will bring AMC Entertainment more revenue in theatrical releases.
This will allow the theatre chain to continue tackling its debt and continue working towards becoming a profitable company again.
AMC CEO Adam Aron says that the only challenge the theatre chain currently faces is not having enough movie titles to premier.
The investment by Amazon and Apple is a massive win for AMC.
Apple’s investment is part of the tech company’s efforts to raise its profile in Hollywood and lure subscribers to its streaming service, Apple TV+, Bloomberg reported, citing people familiar with the matter.
The commitment to longer theatrical releases is a way for the company to appease talent, who want their projects on the big screen, and drum up awareness for its streaming platform, which is estimated to have between 20 million and 40 million users.
Bloomberg reports that Amazon and Apple must collaborate with various studios who have the knowledge of releasing films in theatres since they cannot release films in theatres on their own yet.
“That’s why Warner Bros. is releasing Creed III and Air abroad, and why Paramount will still distribute Scorsese’s Killers of the Flower Moon for a fee.”
Positive News for AMC Entertainment and Cinema Industry
Amazon and Apple’s contribution to the movie theatre industry is just what AMC Entertainment needed.
What are your thoughts on the latest developments?
Wall Street can no longer fight for the ‘movie theatres are dead’ narrative.
Do you think this will be a game change for AMC Entertainment?
Leave your thoughts below.
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Market News Daily: Amazon and Apple are now contributing billions to the movie industry.
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Market News Daily – AMC Entertainment gets a $1 billion boost in movie titles from Apple.
AMC Entertainment (NYSE:AMC) will finally get a boost in new movie titles as Apple prepares to spend $1 billion per year in theatrical releases.
CEO Adam Aron has said on a few occasions that AMC Entertainment’s potential is essentially capped by the number of titles being released each year.
AMC Entertainment is the largest movie theatre chain in the world.
It was able to survive the pandemic and remain the industry leader after millions of investors saved the company from bankruptcy when the company stock was purchased en masseto squeeze short sellers.
The company was able to raise billions of dollars and continues to raise hundreds of millions today as it makes way for profitability again.
Apple’s investment is part of the tech company’s efforts to raise its profile in Hollywood and lure subscribers to its streaming service, Apple TV+, Bloomberg reported, citing people familiar with the matter.
Apple has released films directly to its streaming platform or allowed limited runs in a small number of theaters for Academy Award eligibility.
The commitment to longer theatrical releases is a way for the company to appease talent, who want their projects on the big screen, and drum up awareness for its streaming platform, which is estimated to have between 20 million and 40 million users, much smaller than rivals Netflix and Disney +.
But Apple isn’t the only big company contributing to the movie theatre industry.
Amazon to Contribute $1bn Annually to Movie Theatre Industry
In November of 2022, Bloomberg reported that Amazon was also planning to invest $1 billion per year in the movie theatre industry, aiming to release anywhere between 12-15 movie titles per year.
That number of releases puts Amazon on par with major studios such as Paramount Pictures.
Now, Amazon Studios has its first-ever original movie debuting in theatres globally on April 5th, 2023.
AIR tells the story of the game-changing partnership between Nike and a then-rookie named Michael Jordan.
AIR tells the story of the game-changing partnership between Nike and a then-rookie named Michael Jordan. Stepping into theatres April 5. pic.twitter.com/aNKrQ43tQL
This is the largest commitment to the movie theatre industry by an internet company, says Bloomberg.
CNBC commented:
“While a $1 billion annual investment for film development is on the lower end of what major Hollywood studios spend each year, it’s a positive sign for the movie theater business, which has struggled in the wake of the pandemic.”
The Wall Street narrative that the movie theatres are dead no longer seem to hold weight.
And the rumors of Amazon going into the movie theatre industry are no longer rumors.
Apple joining the movie theatre industry seems to only reinforce and secure the future of AMC Entertainment.
Movie Theatres Are Essential for The Entertainment Industry
Market News Daily – AMC Entertainment to get a boost in movie titles from Apple.
Big leaders in the entertainment industry have realized that they require the theatrical experience to grow their businesses.
There was an incident with Netflix where the company missed out on more than $200 million from taking Glass Onion: A Knives Out Mystery starring Daniel Craig out from the movie theatres too early.
The film earned $15 million at the box office but CNBC says the showing could have made $200 million if it had been kept in theatres longer.
Box office analysts say Glass Onion could have earned much higher earnings if Netflix had opted for a traditional wide release of 2,000 to 4,000 theaters.
CNBC stated, “Netflix has backtracked on its previous policies, including by introducing an ad-supported subscription option, leading many to wonder whether the company should rethink its resistance to the traditional Hollywood movie release model as it looks for new ways to grow revenue.“
Amazon and Apple’s move to invest billions of dollars in the movie theatre industry is going to be a game changer for AMC Entertainment, as well as other cinemas in the industry.
But I’m curious to hear your thoughts on what’s happening today with AMC.
Leave a comment down below and share this story.
Market News Published Daily
Market News Today – AMC Entertainment gets a $1 billion boost in movie titles from Apple.
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Market News: Amazon Studios to debut its first ever original movie in theatres.
Amazon Studios has its first-ever original movie debuting in theatres globally on April 5th, 2023.
AIR tells the story of the game-changing partnership between Nike and a then-rookie named Michael Jordan.
Insider information surfaced in November last year that Amazon was planning to invest billions of dollars in the movie theatre industry.
This is the largest commitment to the movie theatre industry by an internet company, says Bloomberg.
The world’s largest online retailer aims to make between 12 and 15 movies annually that will get a theatrical release.
CNBC commented:
“While a $1 billion annual investment for film development is on the lower end of what major Hollywood studios spend each year, it’s a positive sign for the movie theater business, which has struggled in the wake of the pandemic.”
So far, Amazon Studios has 4 original movie titles coming out with dates still to be determined.
Amazon Studios Releases “AIR”Original Movie
Amazon Studios “AIR” original movie.
AMC Theatres released the trailer for Amazon Studio’s AIR on Twitter.
Few investors were quick to catch Amazon Studios in the trailer; but it’s official, you can now see the roster of original films and series coming out on Amazon Studio’s website.
AIR tells the story of the game-changing partnership between Nike and a then-rookie named Michael Jordan. Stepping into theatres April 5. pic.twitter.com/aNKrQ43tQL
Amazon Studios is the home for talent, creating and producing Original films and television series for a global audience.
Original series premiere exclusively on Prime Video, which is available in more than 240 countries and territories worldwide.
Amazon Studios also produces and acquires Original movies for theatrical release and exclusively for Prime Video, in addition to producing Original content for Freevee, Amazon’s premium free streaming service.
Market News Published Daily
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Stock Market News: Amazon to invest billions per year in the movie theatre industry.
BREAKING: Amazon plans to invest more than $1 billion per year into theatrical distribution releases per Bloomberg news.
Amazon.com Inc. will be investing billions of dollars to produce movies that will release in theatres, according to people familiar with the company’s plans.
This is the largest commitment to the movie theatre industry by an internet company, says Bloomberg.
The world’s largest online retailer aims to make between 12 and 15 movies annually that will get a theatrical release.
Amazon is still sorting out this strategy said people who asked not to be identified.
That number of releases puts Amazon on par with major studios such as Paramount Pictures.
This is bullish news for the movie theatre industry and industry leader, AMC Entertainment.
Join the newsletter to stay informed by receiving market alerts and notifications straight to your inbox.
Amazon Sparks Theatrical Release Competition
Market News: Amazon is investing billions in movie theatre industry.
Amazon is now setting itself up as a direct competitor to major studios such as Paramount Pictures in its new multi-billion-dollar investment plan to release several films in theatres.
While most major studios have been around for a long time, Amazon is coming in hot with the news that has AMC shareholders in particular excited for the fundamental growth of the movie theater business.
Shares of AMC surged more than 6% amidst the announcement.
Volume picked up as well, exceeding its average volume of 26 million to more than 30 million.
The news is huge for the movie theatre industry who Wall Street has bet against for the past several years, but more specifically since the start of 2021.
Retail investors are now armed with massive confidence in the movie theatre industry.
This news has the potential to spark heavy buying in movie theatre stocks such as AMC again.
One thing is certain, movie theatres and shareholders aren’t leaving, sorry Charles Gasparino.
CNBC Says Amazon News is a ‘Positive Sign’ for Movie Theatre Industry
“While a $1 billion annual investment for film development is on the lower end of what major Hollywood studios spend each year, it’s a positive sign for the movie theater business, which has struggled in the wake of the pandemic.”
Is the narrative changing?
Is now time for short sellers to throw in the towel before large institutions go long and begin piling in?
Despite AMC Entertainment beating earnings expectations every quarter since 2021, short sellers on Wall Street have aimed at shorting the company out of existence.
But the retail community made up of millions of investors have been the strongest support for AMC Entertainment.
So, is there a possibility Amazon is going to buy AMC Entertainment in 2022?
And does the century old movie theatre chain even need an acquisition?
Let’s discuss it.
Welcome to Franknez.com – don’t forget to join the newsletter for more market news and updates. Today we’re discussing the possible Amazon acquisition of AMC theatres.
There has been a number of Amazon and AMC rumors going as far back as 2020 an even 2018.
The rumor was that AMC and Odeon (UK) were in the talks about an Amazon and AMC takeover.
It was then made unclear whether discussions were active during the possibility of an Amazon and AMC buyout.
Amazon has considered getting into the theatrical movie business before; they were reportedly one of the potential buyers for the arthouse chain of Landmark Theaters, which were sold in 2018 to Cohen Media Group.Bloomberg.
So, Amazon’s interest in acquiring AMC has certainly been there.
The talks about a possible AMC merge were happening during the pandemic when the movie theatre chain was forced to close its doors to the public.
Sources said if there was an agreement there would be no merge between Amazon and AMC.
Amazon would buy AMC directly.
However, two years later and Amazon has not acquired AMC yet.
But does the theatre chain even need an acquisition today?
Let’s talk a little bit more about it.
Does AMC need Amazon to acquire it?
AMC Entertainment Theatres
AMC no longer needs to be acquired by Amazon nor any other company.
The movie theatre chain showed promising progress and growth every quarter of 2021.
Millennials are always looking for ways to live their best lives possible. Well what better way to start then by earning more money. We all know in order to make this happen we must put in the work and take the opportunities that present themselves to us.
If you’ve become financially stuck and are looking for ways to increase your income then you’ve come to the right place. Subscribe to our newsletter to be notified when new posts are published. Here are 7 easy ways millennials can start earning more money.
Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.
Lets get started!
#1. Earn More Money With Food Delivering Services
Earn more money on the side with food delivering services!
Food delivering services have become more and more popular due to customer demand and convenience.
Services such as DoorDash, GrubHub, Postmates, & Uber Eats are going to stay for a long time. Signing up is easy and delivering food is even easier.
Compensation varies between all companies so be sure to choose the right fit for you. You will need:
To be at least 18 years of age
Have a valid drivers license
Have valid car insurance
And have access to a smart phone
Doordash: approx. $13.92 per hour
Grubhub: approx. $12 per hour
Postmates: approx. up to $1,000 per week (delivering more than food)
Uber Eats: approx. $8-$12 per hour
Millennials can earn more money by side hustling with food delivering services. What makes food delivering services such a great side hustle is that you can work when it’s most convenient for you as well.
It’s not uncommon for people to earn anywhere from $15-$25 per hour delivering food if you make the time for it. Not bad for an extra money, huh?
#2. Offer Ridesharing Services On The Side
Provide value by helping people safely reach their destinations through the use of ridesharing services.
Earn money with ridesharing services
More than 2 million people are earning more money by driving for a rideshare service such as Uber and Lyft. And more than 103 million people use these services.
Like food delivering services, ridesharing also allows you to work at your convenience. Flexible hours make this service an attractive side hustle choice for millennials to earn more money.
Requirements
Must meet the minimum age requirement to drive in your city
Depending on your state, you must have at least one year of licensed driving experience if you’re over 23, and three years of experience if you’re under.
Clean driving record
You must be listed on the auto insurance to the vehicle being used
Must have a smart phone
Minimum of 4 door passenger car
#3. Open Your Own eCommerce Store
Earn more money on the side by opening your own eCommerce store. Sell goods online through Amazon or eBay.
Selling goods online is easier than you think. Listing on eBay and Amazon is a simple process that doesn’t require more than 10 minutes to set up.
People are selling anything from:
Vintage Cards
Apparel
Games & Electronics
Books
Furniture and appliances
Literally ANYTHING and everything
If you have wholesale connection, you can sell items below retail price but above your costs to make profit.
Often times you don’t see the items you’re drop shipping. If you can ship them directly to the customer it makes the experience that more passive.
eCommerce is now being used in rural Asia villages providing people with opportunity and a new means of generating money.
Start earning more money by writing as a freelancer. Large blogs are always looking for new writers to help produce content.
Freelancers are earning $15-$74 per hour!
Most blogs pay per post or excerpt which makes it a great way to earn money on the side without hindering your day to day job.
Freelancing also allows you to work during your free time which makes it a great side hustle for people who value flexibility.
If you would much rather work for yourself then I suggest starting your own blog.
#5. Make More Money Tutoring Online
Fiverr is a platform from which you can tutor people from all around the world straight from your computer.
People on Fiverr are making more money from home than ever before through the use of webcam communication.
This form of generating money from home has become very popular as you can offer more than just tutoring. People are also offer digital marketing services, video and animation tutorials, graphic designs, and so much more!
How Does It Work?
Create a gig – Sign up for free, set up your Gig, and offer your work to Fiverr’s global audience.
Deliver Great Work – Get notified when you get an order and use Fiverr’s system to discuss details with customers.
Get Paid – Get paid on time, every time. Payment is transferred to you upon order completion.
One thing all these side hustles have in common is how flexible they are. If you’re looking to earn more money outside your job then Fiverr could be a great option to go online.
#6. Recycle At The End Of Every Month
It seems most people have overlooked this option but millennials can earn more money by recycling at the end of every month.
Yeah it’s a little messy and can be quite annoying but it can earn you anywhere from $30-$50 a month depending on how much you recycle. That’s enough to pay for gas or a few monthly subscriptions such as your Spotify and Netflix accounts.
Recycling is a great way to not only give back to your community but for you to earn money back on your purchases.
#7. Sell Organic Foods From Home
This is another side hustle that most people miss.
If you have access to organic foods from your garden, harvest and sell them in batches! Earn more money on the side by selling lemons, oranges, avocados, and just about anything your garden can produce.
You can join your communities or cities Facebook group and notify people of what you have to offer. Selling will be easier by keeping it local.
Leave a comment below!
Let me know below if you’re making more money using any of the side hustles listed above. Don’t forget to subscribe to the newsletter to be reminded when a new post is published!
