AMC

Nolte: AMC Stock Drops 10% Due to 13% Ad Revenue Collapse

There’s a fascinating thread running through these quarterly reports from left-wing Hollywood. They all deliver good numbers (subscriber increases, etc.), but the stock still drops. Last week, it was the Disney Grooming Syndicate. This week it is AMC.

Andrew Lincoln as Rick Grimes - The Walking Dead: The Ones Who Live _ Season 1 - Photo Cr

Hollywood Clobbered by Weak Advertising as Bidenflation Weighs on Consumer Spending

Hollywood went whole-hog for Joe Biden in 2020, with celebrities, entertainment executives, and network news divisions working overtime to stump for the candidate. Now the industry is feeling the consequences of its actions as advertising revenue is cratering across the board as a result of consumer fears tied to Bidenflation and the prospect of a prolonged recession.

Patrick T. Fallon ; Andrew Caballero-Reynolds/AFP via Getty Images