The pandemic has devastated movie theaters' box office receipts, with domestic ticket sales down 81.4% in 2020, according to the website Box Office Mojo. And with tens of millions of new subscribers to streaming services around the world and some movies being released in theaters and on streaming at the same time, the box office might never be the same.
Despite the devastation from the pandemic, AMC Entertainment Holdings (NYSE: AMC) continues to be one of the hottest stocks on the market in 2021. It's a favorite of meme traders, and some are betting on a short squeeze , but fundamentally the company is in real trouble. And at the end of the day, fundamentals drive an entertainment company's stock price . That's why Disney 's (NYSE: DIS) recent successes show just how much trouble AMC Entertainment is in over the long term.
Image source: Getty Images.
For further details see:
Disney Is the Biggest Reason You Shouldn't Buy AMC Stock