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An AMC movie theater in Midtown Manhattan. Photo: Erik McGregor/LightRocket via Getty Images
AMC Entertainment shares soared Monday after a blockbuster showing for "The Odyssey" and a strong earnings report signaled that the movies have completed a journey of their own — back from the brink.
Why it matters: The pandemic bludgeoned the movie theater industry — and triggered the bankruptcies of multiple chains — while the surge of streaming services threatened to deal the final blow.
