As the US prepares to reopen the economy slowly but surely, a feeling of relief may wash over millions of people. And as this relief sets in, Americans will again be ready for some entertainment. Entertainment in the form of the silver screen. Many major motion picture companies have held back potential blockbuster films due to this pandemic choosing not to release them on major streaming services and on-demand outlets (with the exception of Universal) These films include 3 from Disney/Marvel, a new Ghostbusters sequel from Sony Pictures staring the original cast and new installments from the DC universe from Warner Bros.
So as theater seats remain empty and mall rents become due two major theater chain CEOs Adam Aron of AMC and Mark Zoradi of Cinemark come to the table to talk merger says sources from inside of both companies.
Sources say that Aron approached Zoradi about the idea of a possible merger. AMC's market cap is a 3rd of what Cinemark holds at about 500 million and as debt begins to accumulate a lot of AMCs problems will disappear and theaters across the country will begin to open giving Cinemark 20 percent of the US theater market. And should the merger take place immediately, Adam Aron will be able to leave with a hefty severance package of 130 million with at least 65 million in stock and options
