In a shocking development that upends decades of tradition in the movie theater industry, AMC Entertainment Holdings Inc. has struck a deal with Universal Filmed Entertainment Group to shorten the theatrical release window to less than three weeks.
Under the multi-year agreement, AMC (NYSE: AMC) theaters will get 17 days — three weekends — of theatrical exclusivity for all Universal and Focus Features films.
Then Universal, which is a division of Comcast Corp. (NASDAQ: CMCSA), can make its…
Source: The Business Journal
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