Netflix and AMC Collaborate Successfully, Attracting 753,000 Viewers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 16h ago
0mins
Source: Fool
- Successful Collaboration: Netflix and AMC's partnership during the screening of the series finale of 'Stranger Things' attracted over 753,000 viewers, accounting for about half of the event's audience, showcasing the potential of both companies in drawing crowds.
- Market Response: AMC's Halloween re-release of 'KPop Demon Hunters' sold out over 1,300 theaters, indicating strong viewer demand for new content and further solidifying AMC's market position.
- Strategic Dialogue: Executives from both companies engaged in a 'high-level dialogue' aimed at finding mutually beneficial collaboration opportunities, although differences in theatrical window policies highlight the complexities in their partnership.
- Future Outlook: Despite initial successes, the strategic differences regarding theatrical windows between Netflix and AMC may impact future collaboration potential, as AMC adheres to a 45-day industry standard while Netflix favors a shorter 17-day window.
Analyst Views on AMC
Wall Street analysts forecast AMC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMC is 2.65 USD with a low forecast of 2.30 USD and a high forecast of 3.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
0 Buy
3 Hold
1 Sell
Hold
Current: 1.450
Low
2.30
Averages
2.65
High
3.00
Current: 1.450
Low
2.30
Averages
2.65
High
3.00
About AMC
AMC Entertainment Holdings, Inc. is a movie exhibition company. The Company is principally involved in the theatrical exhibition business and owns, operates or has interests in theatres primarily located in the United States and Europe. The Company operates through two segments: U.S. markets and International markets. In the U.S. markets segment, it owns, leases or operates theatres in 41 states and the District of Columbia. The International markets segment has operations in or partial interest in theatres in the United Kingdom, Germany, Spain, Italy, Ireland, Portugal, Sweden, Finland, Norway, and Denmark. Its brands include AMC, AMC CLASSIC and others. It also offers food and beverage alternatives beyond traditional concession items, including collectible concession vessels, made-to-order meals, customized coffee, healthy snacks, beer, wine, premium cocktails, and dine-in theatre options. It operates approximately 870 theatres and 9,700 screens across the globe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
