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AMC Entertainment Announces First Partnership with Netflix

  • AMC shares fell 2.9% during Thursday’s trading session.
  • AMC Entertainment and Netflix have formed a first-of-its-kind partnership to bring movies to cinemas.
  • Meme stocks continued their downward trajectory as APE shares closed at new all-time lows.

AMC Entertainment (AMC) fell in intraday trading but rose in after-hours trading after a major partnership announcement. On Thursday, AMC fell his 2.9% and the trading session ended at his $7.12. All three major indices closed lower for a second day in a row as investors preempted Friday’s headline payroll and employment data for September. Overall, the Dow Jones is down 346 basis points, the S&P 500 is down 1% of him and the Nasdaq is down 0.7% of him during the session.

AMC stock price

In a major partnership announcement, AMC and Netflix (NFLX) has signed a deal to show one of Netflix’s new movies in up to 200 AMC theaters. This is the first time AMC and Netflix have joined forces, following AMC’s partnership with Walt Disney (DIS) earlier this year.The deal brings new films to theaters at AMC Glass Onion: A Knife Out Mystery The same is true for certain locations across the United States and Europe. Both companies struggled this year for a variety of reasons. Moviegoers haven’t returned to theaters at pre-pandemic levels, but Netflix is ​​moving forward with restructuring plans to ease subscriber decline.

Other memetic strains were trending downward as well. APE priority unit New all-time low of $2.24. GameStop (GME) When Bed Bath & Beyond (BBBY) It was below the surface, but Highcroft Mining (HYMC) It also continued to break below the $1 price level.

AMC 5 minute chart for 10/6/22

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