$AMC Entertainment(AMC)$ During Q3, 2023 box office revenues were $2.7 Billion. AMC was cash flow positive for that period of time, setting a best ever Q3 profit for the company. This happened despite the fact that attendance was down 16% from pre pandemic 2019. This was accomplished largely because of profits generated from F and B. Management is doing their best, shaking every tree and turning every rock in the quest for more income but they are limited by things beyond their control. Film makers have to get back to doing what they use to do, produce more and better movies as they've done in the past. The bet here is whether they will do that and how will the distribution be handled. Streamers and movie goers are different animals and there's enough for both. Some like the comfort of home wile others enjoy the getting out.
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