AMC C.E.O. Adam Aron and I have had many, uh, spirited conversations in private over the past few years, so I was excited when he agreed to join a panel that I moderated in Las Vegas, where we talked candidly about bankruptcy fears, his faith in a 2025 box office rebound, his desires for Apple and Amazon, and all his meme-stock-loving APE buddies.

The U.S. is clearly over-screened, with the new normal of moviegoing falling far behind all the available theaters. What’s needed is a wholesale murder of the multiplex, so why won’t that happen anytime soon?