AMC Entertainment narrowed its losses during the fourth quarter, signaling a cautious optimism for the theatrical exhibition market. The company cited a robust pipeline of upcoming film releases as a key driver for its improved outlook, suggesting the industry is finally moving past recent production disruptions.

Consolidation Battles and Political Headwinds

In the media deal space, Warner Bros. Discovery shares edged higher as a deadline approached for a revised bid from Paramount Global. Warner recently reopened negotiations with Paramount, which has reportedly sweetened its offer in an effort to secure a deal and block a potential combination with rival Netflix.

Meanwhile, Netflix shares faced significant downward pressure following public comments from Donald Trump. The former president demanded the removal of Susan Rice, a former Obama and Biden administration official, from the company’s board of directors. Trump suggested that her presence could jeopardize the regulatory approval process for the streaming giant's merger activities.