Image source: FRAZER HARRISON/GETTY IMAGES
AMC Stock CEO Adam Aron took to twitter on Jan 1, 2023 and said: “So much GARBAGE info spreading about AMC by twisted conspiracy theorists. Our REAL challenge (among others): the industrywide domestic box office $11.4 billion in 2019 pre-pandemic. Only $7.4 billion in 2022. Up 64% above ‘21, but 35% below ‘19. Our view: it grows in ‘23 & ‘24.”
CEO Adam Aron giving more clarity and explaining the data to his following since many are still confused. AMC Entertainment is not exactly back to pre lockdown numbers, but as he states in his tweet “Our view it grows in 23 & 24”
Looking at the image above the domestic box office is on the rise and has a good chance to make it back to the previous highs that the industry saw pre lockdown.