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War for the Planet of the AMC Apes

AMC’s wily C.E.O., Adam Aron.
AMC’s wily C.E.O., Adam Aron. Photo: Alberto E. Rodriguez/Getty Images for CinemaCon
Eriq Gardner
May 8, 2023

Are the retail investors who famously came to AMC’s rescue two years ago, saving the movie theater colossus from bankruptcy, about to get screwed? That’s the concern gripping many of them. In fact, if Hollywood’s writers weren’t on strike, those David versus Goliath scripts might need an update. This time around, it’s not Redditers taking on the hedge funds shorting the stock. Instead, they’re directing their ire at AMC’s own leadership and what they perceive to be double-crossing plaintiff attorneys.