#CLEARVIEW AMC MOVIES MOVIE#
These last two selections are indirect ways to bet on movie stocks. Instead, here are three ways to bet on promising movie industry stocks without too much risk. Given AMC’s debt and the potential pain of a protracted strike, it would not be wise to bet on America’s largest theater chain. While that’s reasonable relative to 2021, it’s nowhere near 2018’s record box office that, averaged $991 million per month, 37% higher than in 2022. Through June 5, it was $3.61 billion, or about $722 million per month. In 2022, the domestic box office was $7.37 billion, 64.4% higher than in 2021. Investors are betting that movie theaters will continue generating strong box offices come summer.
So why would anyone in their right mind consider a movie stocks investment? Good question.ĪMC Entertainment Holdings (NYSE: AMC) is up more than 18.07% year-to-date. Theaters rely on these volumes for food and beverage sales as well, so exhibitors could feel the effects of a protracted strike more significantly.” This is a very tricky time to be considering the best movie stocks to buy. CNN Business reported Moody’s comments in early May, “New big-budget tent-pole releases tend to fill theaters. His ticket-taking routine is at the end of the video, shot by Joey Gatto.Movie theaters have had it tough over the past three years, without the ongoing writers’ strike in Hollywood putting its revenue engine in doubt. “Otherwise, I stay in Parsippany.”Įric “Fluffy” Glover, from the 2012 Film Festival.
#CLEARVIEW AMC MOVIES SERIES#
If AMC retains a big 500-seat movie space, the series returns. “Yeah! Are you kidding!” exclaimed the Morristown resident when asked if he hoped to bring the series back home.īut it depends on how renovations are configured, he said. Mark was forced to move his eight-week series to Parsippany when Clearview went dark in Morristown. The return of AMC also may be good news for Mark Ehrenkranz, impresario of the popular New York Film Critics Series. A lot of people told me they miss me being there….I do miss it in a lot of ways.” Mark Ehrenkranz, who gave a talk about the movie industry at the Morristown library on Thursday, said he hopes to bring his film series back to town. In all his years of colorful ticket-taking from movie patrons, Fluffy added, “I never called in sick. Like most people, however, he’d rather be in pictures. So he has been collecting unemployment and biding his time until the opening of Veronica’s Speedwell, where he expects to resume his bouncer career. But they had no fulltime openings, he said. This summer, Fluffy pursued jobs at movie theaters in Parsippany and Sucasunna.
#CLEARVIEW AMC MOVIES FULL#
Fluffy remembers Full Metal Jacket, La Bamba, The Lost Boys and Dragnet were playing on that day. He worked for AMC in 1987, when it opened the original movie chain at Headquarters Plaza. If AMC does the right thing and hires Fluffy, it won’t be the first time. When Clearview Cinemas sold its chain of theaters to Bow Tie Cinemas, Morristown was among a handful of venues that Bow Tie declined. New screens, digital projectors and audio systems are promised, along with “plush power recliners, a revamped concession area that includes hot foods such as mozzarella sticks, chicken tenders, French fries and pizza, Coca-Cola Freestyle machines.” Headquarters Plaza officials announced Thursday that AMC has leased the former Clearview 10-plex and plans to open in Morristown within 30 days, while making renovations for nine months. For his 50th birthday, a bar where he moonlighted as a bouncer gave him a Cadillac. “I am pretty sure people will be happy to see me there.”Ī Fluffy Facebook tribute page has nearly 12,000 likes. “I’m going to go over and check it out,” said Fluffy, who has been unemployed since Clearview left town in June. Morristown’s beloved “Ticket-Taker Guy,” whose comic routine has been a fixture for a generation of local movie-goers, said Thursday he hopes AMC Theatres will hire him when that chain replaces Clearview Cinemas at Headquarters Plaza. Eric ‘Fluffy’ Glover Sr., the Ticket-Taker Guy from Morristown former Clearview Cinemas, wants his old job back. For an over-the-top fellow, Eric “Fluffy” Glover has a knack for understatement.
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