Stock Advisor launched in February of 2002. 3 Reasons Amazon Might Actually Want to Acquire AMC Entertainment The whispers may or may not be accurate, but even if they aren't, there's some merit to the idea. If Jeff Bezos wants to deepen his Hollywood ties, why not buy a studio instead? Shares of AMC Entertainment soared more than 50 percent on Monday after a report claimed that Amazon had expressed interest in acquiring the beleaguered movie chain. If Amazon buying AMC were a movie, then what we’re seeing right now is sort of like the trailer. Skip to main content.us. https://www.thisismoney.co.uk/money/markets/article-8303833 In 2018, Amazon considered buying Landmark Theatres, … Rich has been a Fool since 1998 and writing for the site since 2004. Amazon is in talks to buy AMC Theaters, whose business model was jeopardized by the coronavirus pandemic. Reach Rich here. FORTUNE may receive compensation for some links to products and services on this website. According to the Daily Mail sources, Amazon CEO Jeff Bezos is on the verge of becoming the world’s largest cinema operator. https://fortune.com/2020/05/11/amazon-amc-theatres-acquisition-buyout Yet readers had to get to the bottom of the article to find out it was a translation of an article that appeared in the U.S. As the outbreak worsened in mid-March, public spaces closed down to curb the spread of the deadly virus. I don't think that they want to buy into a business that is in -- and has been in -- secular decline for so long. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. An article appeared in Forbes France today discussing speculation the e-commerce giant was kicking the tires on the beaten-down theater owner. Amazon has its Earnings Report tomorrow. According to the Daily Mail report, AMC and Amazon have held talks about a potential buyout. Contact Rich here. All rights reserved. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Movie theatres have encountered hardships as shutdowns start biting into their finances. https://marketrealist.com/p/what-happens-to-amc-stock-if-amazon-buys-it Cumulative Growth of a $10,000 Investment in Stock Advisor, No, Amazon Isn't Buying AMC Entertainment @themotleyfool #stocks $AMC $AMZN, Why AMC Entertainment Stock Is Down on Wednesday, AMC Entertainment Backtracks on Massive 500 Million Share Dilution Plan, Why AMC Entertainment Stock Jumped Monday, Copyright, Trademark and Patent Information. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. Quotes delayed at least 15 minutes. Shares of AMC Entertainment surged Monday amid speculation that the country’s largest exhibition chain could be an acquisition target for Amazon. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. AMC is reportedly on the verge of bankruptcy, giving Amazon the opportunity to snap it up on the cheap. Market data powered by FactSet and Web Financial Group. Nearly a year after a rumor based on anonymous sources made the rounds that Amazon.com (NASDAQ:AMZN) was interested in acquiring AMC Entertainment Holdings (NYSE:AMC), a new translation of that article in France had traders bidding up the movie theater's stock as if it was new news. A vastly improved search engine helps you find the latest on companies, business leaders, and news more easily. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. See the full episode this clip is from:https://www.youtube.com/watch?v=klO1dmUD0KUDerek Priano - Hey John, so with Though the widespread rumor did boost the stocks of AMC by 56%, what will happen if Amazon does not buy the theatre at all? While the article noted the report was "pure speculation," what it didn't say was the original article was published last May. The stock remains up over 160% so far in 2021, helped by having staved off bankruptcy by raising over $1 billion, which will allow AMC to survive at least through the rest of the year. If Amazon wanted to seriously get into the multiplex market, … AMC is reportedly on the verge of bankruptcy, giving Amazon the opportunity to snap it up on the cheap. Of course, half of the season isn't available. © 2020 Fortune Media IP Limited. As for Fortune, I can’t find a correction anywhere but they sure did have a hey day speculating on what would happen is Amazon did buy KC’s AMC. I may not be able to respond to every suggestion, but I do read them all! So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. AMC stock jumped as high as 56% Monday morning on the news. Offers may be subject to change without notice. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Amazon is already circling like a vulture through Odeon and its parent company AMC Theaters. The stock US:AMC shot up 30.0% to $5.32, the highest close since March 4. Terms & Conditions. Rumors are swirling that Amazon (NASDAQ:AMZN) wants to buy AMC Entertainment (NYSE:AMC). Amazon and AMC? That apparently had stock traders not bothering to read the whole piece thinking this was fresh news. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Returns as of 04/29/2021. Market data provided by Interactive Data. Amazon Should Absolutely Buy AMC, but You Shouldn’t Buy AMC Stock Amazon should acquire AMC, but it may not happen By Luke Lango , InvestorPlace Senior Investment Analyst May … Amazon, headed by billionaire Jeff Bezos, held prospective buyout talks with top brass at AMC, the nation’s largest movie theater chain, according to an unconfirmed report by the Daily Mail. All Rights Reserved. Amazon (NASDAQ: AMZN) is allegedly looking to buy out AMC Theaters as the movie company struggles financially due to the COVID-19 crisis as reported by Screenrant. Reports surfaced over the weekend that Amazon has interest in buying AMC Entertainment’s movie theater chain, according to MarketWatch.. More on how that may work later. Powered and implemented by Interactive Data Managed Solutions. The Daily Mail first reported Amazon’s interest in buying AMC, which saw its shares skyrocket from 0.00% to 47% in active trading, according to Marketwatch. AMC is not Landmark. "In Play", signifies rumors of a major deal coming, such as a major acquisition. Trading volume spiked to 105.2 million shares, compared with the full-day average of about 9.1 million shares. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell My Personal Information | Ad Choices Bitcoin, Tesla, Ethereum: When should you take profits on your biggest investing winners? Other streaming companies, such as Disney and Netflix, are interested in controlling physical venues to expand their market share and limit competitors’ access to their potential audiences. Yesterday, most of you all received text messages saying "AMC is in Play". As of today, AMC has announced they will spring back into action next month. https://investorplace.com/2020/05/should-amazon-buy-amc-stock AMC shares soared 19% in premarket trading, but opened up 9% at over $6 per share. But no, I don't think Amazon is interested in getting into business with AMC. The U.K.’s Daily Mail newspaper reported that Amazon has held talks with the world’s largest cinema-chain owner, which runs movie theaters globally under the AMC … Up more than 500% in the last year, bitcoin faces a new make-or-break price barrier, Lumber prices are up 232% and ‘could spiral out of control in the next few months’, CA Notice at Collection and Privacy Notice, http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. Amazon CEO and multi-billionaire Jeff Bezos is expected to prepare another takeover – by several cinema operators. His coverage reflects his passion for motorcycles, booze, and guns (though typically not all exercised at the same time), but his writing also covers the broader sectors of consumer goods, technology, and industrials. Buy AMC: Read Apps & Games Reviews - Amazon.com. It’s unclear where these discussions stand or whether or not there will be a deal, either. Amazon has held talks with AMC Entertainment to acquire the theater retail chain, The Daily Mail reported this weekend. It's no secret that Amazon has wanted to buy out a movie theater chain. Amazon is said to have studied a deal for AMC and the two sides may … No, Amazon Isn't Buying AMC Entertainment The new news is the same as the old news, and it's still not happening. The theater owner's stock has become especially volatile in recent weeks after being part of a Reddit rally against short-sellers that saw the stock surge 800% in value in a matter of days before crashing back to its pre-short-squeeze level. Have a story idea? Think an article needs a correction? After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. NBD. https://www.fool.com/.../05/14/reasons-amazon-might-want-acquire-amc.aspx We’re motley! There was little to hang a hat on that a deal would happen in the original report, and that remains the case today with the republished account. Both companies did … According to Chris Mittleman, the Chief Investment Officer, other movie studios might buy AMC if Amazon does not. Last weekend, the Daily Mail reported on rumors that Amazon is […] The Daily Mail first reported Amazon’s interest in buying AMC, which saw its shares skyrocket from 0.00% to 47% in active trading, according to Marketwatch. Hello Select ... AMC and/or Amazon for these absolute garbage TV apps, but something's gotta give.. Downloaded it to catch up on TWD. Compensation for some links to products and services on this website that apparently had stock not! 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