Bulletin
Investor Alert

Market Pulse Archives

July 28, 2020, 4:55 p.m. EDT

AMC shares soar 17% after company shortens "theatrical window" in deal with Universal Pictures

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    AMC Entertainment Holdings Inc. Cl A (AMC)
  • X
    Comcast Corp. Cl A (CMCSA)

or Cancel Already have a watchlist? Log In

By Jon Swartz

Shares of AMC Entertainment Holdings Inc. /zigman2/quotes/200235402/composite AMC +5.86% soared 17% in the extended session Tuesday after it and Universal Filmed Entertainment Group , a division of Comcast Corp. /zigman2/quotes/209472081/composite CMCSA +0.98% , announced a multi-year agreement in which Universal movies will be shown at AMC Theatres for 2 1/2 weeks before they go online. Under the deal, the so-called "theatrical window" will be shortened to 17 days from the current 75. For consumers, that means instead of waiting 2 1/2 months to watch a new movie at home, they will be able to see at least some titles just 2 1/2 weeks after they premiere in theaters. The deal settles a dispute between the companies over how soon new films should be allowed to appear on digital platforms. AMC shares are down 43% in 2020; the broader S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.60% is down 0.4% this year.

Read the full story:
AMC agrees with Universal to shrink theatrical window to 17 days

/zigman2/quotes/200235402/composite
US : U.S.: NYSE
$ 4.88
+0.27 +5.86%
Volume: 2.38M
Sept. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$503.96 million
Rev. per Employee
$135,969
loading...
/zigman2/quotes/209472081/composite
US : U.S.: Nasdaq
$ 46.15
+0.45 +0.98%
Volume: 12.56M
Sept. 25, 2020 4:00p
P/E Ratio
18.50
Dividend Yield
1.99%
Market Cap
$208.76 billion
Rev. per Employee
$513,625
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,298.46
+51.87 +1.60%
Volume: 2.18B
Sept. 25, 2020 5:06p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.