There are reports that Amazon is looking at buying AMC in the US, and they own Odeon over here in the UK, which means Amazon would own both cinema chains.
This rumour comes from The Daily Mail who claim that Amazon is now looking to purchase AMC Theatres.
AMC is the world’s largest cinema chain and they also own Odeon Cinemas over here in the UK.
The Daily Mail’s report claims that Amazon and AMC have been in talks over a potential takeover.
They did claim that, “it is not clear if the discussions are still active or if they will lead to a deal.”
This report was pretty good for AMC whose stock soared after it was published.
Could Amazon be about to buy AMC and Odeon cinemas?
If the deal does end up going through, it would be a pivotal moment in the film industry, and also film history.
It would give Amazon an even tighter grip on Hollywood and that might not really be a good thing.
However, even since Disney’s takeover of 20th Century Fox, we have been in need of another big player in the film industry.
Amazon could very well end up being that player.
They already make movies, and they’ve been pretty successful as far as awards are concerned.
However, none of their movies made a huge splash at the box office.
What do you make of this news?
Would you be worried about Amazon owning both AMC and Odeon cinema chains?
Let us know your thoughts in the comments below.
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