Disney buying AMC?

[5th gate dreamers]

It’s definitely a struggling business, no doubt. When Netflix first came out and was mailing DVDs, I was an early subscriber and thought it would never last. Essentially, I was correct as far as DVDs are concerned. The company then took off by way of streaming. In the early streaming days, I was saying that one day we will be streaming new releases from our homes. COVID definitely sped up this process with theater closures. I still believe people would much rather go to a theater and have the whole experience plus the fact of just having a night out. So, hopefully they will get a life line.

Since Apple is late to the streaming game, there might be an opportunity here and it would be a minimal investment for them to acquire AMC. It might be a positive way to get their Apple TV off the ground and running by combining deals for moviegoers. They’re sitting on $196B with a “B” in cash. Time to put some of that money to work.

No way apple should do this. The reason they are sitting on 196billion is because they know what its like to almost die, and I doubt any board until another generation will allow the reserves to go very low. That is their emergency savings to weather economic collapses from potentially killing them. The businesses (mostly restaurants) that announced they couldn't pay April's rent after a March 20 shutdown was laughable (coming from a family that lives well under our means)...apple knows that road.

 

[TiggerBouncy]

I also love the idea that with premier movies like Mulan, you pay to see it in the theatre, and you have access to it on Disney+ after. That way you can rewatch it for the parts you missed in the theatre.

There is a lot of synergy that they could see here.

The down side is I do not see Disney doing it. It's just too much work for them to invest in right now.

 

[Fangorn]

Not exactly related to the Disney aspect of AMC financial woes, but really funny...

Steve