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AMC exits Saudi Arabia as young cinema market booms

Por: Associated Press Politics February 01, 2023

DUBAI, United Arab Emirates (AP) — AMC Entertainment Holdings has decided to exit Saudi Arabia’s fast-growing market amid heavy competition less than five years after the lifting of a decades-long ban on movie theaters.The world’s biggest cinema chain, which announced the decision on Tuesday, said it had always planned to eventually hand operations over to its Saudi partners and that the $30 million sale would further boost its cash... + full article



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