Cinema Stocks Drop After Netflix Suggests Shorter Theatrical Releases Following Warner Bros. Acquisition
ToplineMajor movie theater stocks including AMC and IMAX dipped Friday, falling at least 2% after Netflix announced it will acquire Warner Bros. and that theatrical windows for movies will “evolve” after the $82.7 billion deal is completed, sparking concern around the agreement’s potential impact on movie theaters.Movie theater stocks tumbled Friday after Netflix announced its planned purchase of Warner Bros. Discovery.Photo by Jakub Porzycki/NurPhoto via Getty ImagesKey FactsAMC shares fell around 3% befor ...