2019 has been billed as a transitional year by AMC Entertainment‘s () management. It’s the year that Stubs A-List — the company’s subscription service answer to the  — came into its own; the company started screening at select theaters; and it recently became the first theater to take a stab at home entertainment by launching .

The world’s largest cinema chain is testing new ideas, and it’s driving decent enough growth in a mature industry. In fact, management said the company’s Stubs A-List program is already profitable. But profits overall have been subdued during this period of “transition”, and debt is high from its acquisition spree of Odeon & UCI, Nordic Cinema Group, and Carmike Cinemas a couple years ago. This could be a  but probably

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