The "Knives Out" sequel will screen at theaters next month, but that's a bigger win for Netflix than AMC.
LEAWOOD, Kan., October 06, 2022--AMC Theatres® (NYSE:AMC and APE), the largest theatrical exhibitor in the United States and the world, today announced that the Company has reached its first-ever agreement with Netflix to play a Netflix movie theatrically. From November 23-29, AMC moviegoers can enjoy GLASS ONION: A KNIVES OUT MYSTERY at more than 200 locations throughout the United States. It will also play at select Odeon Cinema Group’s locations in the UK, Ireland, Italy, Germany, and Spain.
Shares of AMC Entertainment Holdings (NYSE: AMC) are tumbling 9.1% at 11:06 a.m. ET on Wednesday after defunct gold and silver miner Hycroft Mining (NASDAQ: HYMC) reported it received a delisting notice from the Nasdaq Stock Market. AMC surprised investors earlier this year by taking a 22% stake in Hycroft in exchange for a $28 million cash infusion. Metals investor Eric Sprott invested a similar amount into Hycroft in return for the same percentage ownership position.