💨 Abstract

AMC Entertainment reported higher-than-expected Q4 revenue due to the success of movies like "Moana 2" and "Wicked", leading to a 20% increase in theater attendance. The company also generated its highest quarterly cash flow post-pandemic. The strong performance indicates a rebound for Hollywood studios and cinemas, easing concerns about the decline of cinema following pandemic-induced closures.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖