If Seattle-based Amazon were to ink a deal with Cineworld, it would certainly hurt AMC, whose CEO, Adam Aron, recently stressed the importance of raising cash and reducing debt for the company’s survival.
If the company owns theaters, it can showcase Prime movies and other Amazon services. Strategically, they may want a place to exhibit their own films, but 1,000 screens is plenty, and 200 is probably enough."Īmazon founder and former CEO Jeff Bezos recently told investment advisors to look into a potential acquisition of AMC. "The bottom line is that Amazon has no interest in being in the theatrical exhibition space to make money. "Why would Amazon instead choose to buy 10,000 screens for $8 billion?" Reese asks. That's 1,000 screens for $200 million, total.
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