AMC is poised for a box office rebound with a strong slate of films in 2025 and 2026, despite facing over $4 billion in debt. The company plans to invest $1 billion to $1.5 billion in enhancing theaters and expanding premium large-format screens, while navigating cash flow challenges. Attendance declined 12% in Q3 2024, attributed to a less resonant film slate in Europe and urban areas, but upcoming releases like "Wicked" and "Gladiator II" may improve performance.
Three major films—Universal's "Wicked," Paramount's "Gladiator II," and Disney's "Moana 2"—are set to compete at the box office over the Thanksgiving holiday, each vying for premium screen placements. Analysts predict that while all three will perform well, the distribution of premium large format screens will be crucial, as audiences increasingly prefer immersive viewing experiences. Expectations for opening weekend earnings vary, with "Wicked" potentially reaching up to $150 million, while "Gladiator II" and "Moana 2" are forecasted to earn between $60 million to $100 million.
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