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2021-12-21

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AMC’s CEO and Reddit Fans Cheer New Spider-Man Flick’s Blockbuster Debut

AMC Entertainment Holdings stock rose on a rough day for the broader market. CEO Adam Aron and the m

AMC’s CEO and Reddit Fans Cheer New Spider-Man Flick’s Blockbuster Debut

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CEO Adam Aron and the m","content":"<p>AMC Entertainment Holdings&nbsp;stock rose on a rough day for the broader market. CEO Adam Aron and the meme stock’s supporters on Reddit cheered a record-setting domestic debut for <i>Spider-Man: No Way Home</i>.</p>\n<p><i>No Way Home</i> grossed $260 million in its domestic box office debut—both a pandemic record, and the second-best opening of all time. Despite Omicron variant fears,Sony‘s latest “Spidey” flick topped highly anticipated franchise films such as 2018’s Avengers: Infinity War and 2015’s <i>Star Wars: Episode VII—The Force Awakens</i>.</p>\n<p>AMC (ticker: AMC) stock rose 2.0% on Monday to close at $29.70, while the S&amp;P 500 index fell 1.1%.</p>\n<p>AMC’s CEO, armed with plenty of ammo against movie-theater doubters, touted the <i>Spider-Man</i> numbers on Twitter.</p>\n<p>“The self-absorbed all-knowing so-often-wrong conventional wisdom that streaming will defeat theaters just does not know how to process the news,” Aron wrote, referring to a previous figure that was later revised upward. “Hey prophets of doom #CHOKEonTHAT.”</p>\n<p>Aron sounded a similar message for critics once Sony released the updated figures at $260 million, adding “#CHOKEonTHAT even more!”</p>\n<p>Reddit users, who have formed communities of AMC shareholders like the AMCStock forum, echoed Aron’s enthusiasm. Such users want to squeeze short-selling hedge funds. They call themselves “apes,” and refer to Aron lovingly as the “silverback.” On Sunday, Aron retweeted photos with some AMC stock fans who attended an early screening fo <i>The King’s Man</i> that he attended.</p>\n<p>“Gotta love our Silverback CEO!” one user on Reddit wrote.</p>\n<p>“Can’t get the magical feeling when the whole theater claps and cheers during the key scenes while you’re streaming alone at home, eating doritos on your couch,” wrote another.</p>\n<p>The debut wasn’t enough for B. Riley analyst Eric Wold to raise his AMC stock rating and price target from Hold and $16, respectively. But he does think those with low expectations for the postpandemic box office should take notice.</p>\n<p>“A film released in the middle of a pandemic-driven Omicron variant surge with a multitude of at-home viewing platforms in focus just generated the third-best domestic opening weekend box office of ALL TIME,” Wold wrote. “With exclusive theatrical windows proving their importance to the industry (both studios and exhibitors), we feel this presents an extremely attractive setup heading into next year’s slate.”</p>\n<p>He’s more bullish on other theater firms such as&nbsp;Cinemark Holdings&nbsp;(CNK),Imax&nbsp;(IMAX),Marcus&nbsp;(MCS), and&nbsp;National CineMedia&nbsp;(NCMI).</p>\n<p>“And with a 2022 film slate that includes three Marvel universe films, four DC universe films, along with sequels to <i>Jurassic World</i>, <i>Transformers</i>, <i>Mission: Impossible</i>, <i>Top Gun</i>, and <i>Avatar</i>, we remain optimistic that 2022 industry box office could quickly approach 2019 levels (although our models do not have this occurring until some point in 2023),” Wold wrote.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC’s CEO and Reddit Fans Cheer New Spider-Man Flick’s Blockbuster Debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC’s CEO and Reddit Fans Cheer New Spider-Man Flick’s Blockbuster Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-21 08:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amc-stock-ceo-spider-man-51640042939?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC Entertainment Holdings stock rose on a rough day for the broader market. CEO Adam Aron and the meme stock’s supporters on Reddit cheered a record-setting domestic debut for Spider-Man: No Way Home...</p>\n\n<a href=\"https://www.barrons.com/articles/amc-stock-ceo-spider-man-51640042939?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SONY":"索尼","AMC":"AMC院线"},"source_url":"https://www.barrons.com/articles/amc-stock-ceo-spider-man-51640042939?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133022735","content_text":"AMC Entertainment Holdings stock rose on a rough day for the broader market. CEO Adam Aron and the meme stock’s supporters on Reddit cheered a record-setting domestic debut for Spider-Man: No Way Home.\nNo Way Home grossed $260 million in its domestic box office debut—both a pandemic record, and the second-best opening of all time. Despite Omicron variant fears,Sony‘s latest “Spidey” flick topped highly anticipated franchise films such as 2018’s Avengers: Infinity War and 2015’s Star Wars: Episode VII—The Force Awakens.\nAMC (ticker: AMC) stock rose 2.0% on Monday to close at $29.70, while the S&P 500 index fell 1.1%.\nAMC’s CEO, armed with plenty of ammo against movie-theater doubters, touted the Spider-Man numbers on Twitter.\n“The self-absorbed all-knowing so-often-wrong conventional wisdom that streaming will defeat theaters just does not know how to process the news,” Aron wrote, referring to a previous figure that was later revised upward. “Hey prophets of doom #CHOKEonTHAT.”\nAron sounded a similar message for critics once Sony released the updated figures at $260 million, adding “#CHOKEonTHAT even more!”\nReddit users, who have formed communities of AMC shareholders like the AMCStock forum, echoed Aron’s enthusiasm. Such users want to squeeze short-selling hedge funds. They call themselves “apes,” and refer to Aron lovingly as the “silverback.” On Sunday, Aron retweeted photos with some AMC stock fans who attended an early screening fo The King’s Man that he attended.\n“Gotta love our Silverback CEO!” one user on Reddit wrote.\n“Can’t get the magical feeling when the whole theater claps and cheers during the key scenes while you’re streaming alone at home, eating doritos on your couch,” wrote another.\nThe debut wasn’t enough for B. Riley analyst Eric Wold to raise his AMC stock rating and price target from Hold and $16, respectively. But he does think those with low expectations for the postpandemic box office should take notice.\n“A film released in the middle of a pandemic-driven Omicron variant surge with a multitude of at-home viewing platforms in focus just generated the third-best domestic opening weekend box office of ALL TIME,” Wold wrote. “With exclusive theatrical windows proving their importance to the industry (both studios and exhibitors), we feel this presents an extremely attractive setup heading into next year’s slate.”\nHe’s more bullish on other theater firms such as Cinemark Holdings (CNK),Imax (IMAX),Marcus (MCS), and National CineMedia (NCMI).\n“And with a 2022 film slate that includes three Marvel universe films, four DC universe films, along with sequels to Jurassic World, Transformers, Mission: Impossible, Top Gun, and Avatar, we remain optimistic that 2022 industry box office could quickly approach 2019 levels (although our models do not have this occurring until some point in 2023),” Wold wrote.","news_type":1},"isVote":1,"tweetType":1,"viewCount":541,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":23,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

AMC’s CEO and Reddit Fans Cheer New Spider-Man Flick’s Blockbuster Debut

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