Is AMC Entertainment Losing on the Big Screen With Its Latest Decline?
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The latest superhero movie, Spider-Man: No Way Home, has sizzling pre-sales ahead of its Dec. 17 release. AMC also announced what looks like a potential crowd-pleaser among its Reddit retail investor "ape" fans, the issue of NFTs (non-fungible tokens) to advance tickets bought through its loyalty program. If the sell-off signals ape disenchantment, it represents a seriously negative shift for AMC -- but there's a potentially more upbeat explanation, one possibly containing a hint of bullishness.
