AMC Entertainment Holdings Inc (AMC)

[wickw50]

“$AMC

‘For those tracking the streaming wars, the news is grim.’

The reasons for these large streaming price hikes are obvious.
The companies are floundering. Netflix’s forecast still lag estimates.
Disney+ lost 11.7 million subscribers and $512 million in the second quarter of 2023, bringing total losses on the service to more than $11 billion.
In that same period, Max lost 1.8 million subscribers. Apple TV+ has reportedly seen its market share diluted in the past year.
Peacock lost $651 million in 2023.
Paramount’s direct-to-consumer businesses lost $424 million in that same window.
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Disney+ and Hulu are losing subscribers as people flock to piracy sites
Piracy site visits surged in 2023, topping 229 billion visits
By
Bruce Gil
PublishedFebruary 10, 2024”