Theater Stocks Jump as Amazon Will Reportedly Invest $1B In Theatrical Releases

And movie theater stocks are on our radar as news surfaces about amazon investing a billion dollars a year on film releases in theaters. So shares of these theater companies on your screen, all seen really healthy games. Today, Bloomberg reporting that amazon will produce 12 to 15 films for the big screen each year. That's a lot fewer films will be made in 2023 is the tech and e commerce giant does begin productions, but let's actually run through these docks. Cinemark up 12.6% imax up 8.9% and a. M. C. Of 5.4%.