AMC Entertainment Has Invested $1 Billion in Saudi Arabia

The transcript discusses AMC's expansion into Saudi Arabia, highlighting the partnership with the Public Investment Fund and the rapid growth of cinemas in the region. It covers the significant investment involved and the social progress in Saudi Arabia. The impact of the Disney-Fox merger on film distribution is explored, along with trends in blockbuster and smaller films. The role of streaming platforms like Netflix and Apple TV in theatrical releases is also discussed. Finally, predictions for the US box office and AMC's future outlook are provided.

What significant event took place in Riyadh regarding cinemas after nearly 40 years?

• The introduction of 3D movies

• The closure of all cinemas

• The reopening of cinemas

• The launch of a new film festival

How many theaters does AMC plan to open in Saudi Arabia by the end of 2020?

• 10 to 15

• 15 to 20

• 5 to 10

• 20 to 25

What is the estimated cost of each AMC theater in Saudi Arabia?

• $40 million

• $30 million

• $10 million

• $20 million

What was AMC's stance on the Disney-Fox merger?

• They opposed it

• They supported it

• They were indifferent

• They were unaware of it

Which two types of films are mentioned as trends in moviemaking?

• Blockbusters and smaller films

• Animated and live-action

• Documentaries and comedies

• Horror and romance

Which streaming platform has AMC had discussions with about showing their movies in theaters?

• Amazon Prime

• Hulu

• Netflix

• Disney+

What new service did AMC recently launch?

• A streaming service

• A movie rental store

• A new cinema chain

• A film production company