Movie Theater Stocks Take A Hit As Studios’ Box Office Share Grows

Investors’ enthusiasm for exhibition chains began to cool in April — and grew much chillier today after a Q2 report from Carmike spotlighted studios’ growing take of box office revenues, and raised concerns about 2016 sales. Carmike shares are down 8.1% in morning trading — and touched a 52-week low of $22.91 —  followed by AMC Entertainment (down 4.8%), Cinemark (down 2.6%), and Regal (down 1.6%). The main concern: Carmike’s film rental costs, at 58.7%...

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