AMC Entertainment Holding Inc. AMC, +1.14% led cinema stocks lower in premarket trade Thursday, after a report that juggernaut Amazon.com Inc. AMZN, -1.93% is competing to buy out Landmark Theatres. Bloomberg cited unnamed sources familiar with the situation saying that Amazon is seeking control of the cinema chain from Wagner/Cuban Cos., but said no decisions have been made and talks could yet unravel. That company is owned by billionaires Mark Cuban and Todd Wagner. AMC is the biggest movie theater chain in the U.S. following its acquisition of Carmike Cinemas in 2016. The stock tumbled 4.5% on the news. Cinemark Holdings Inc. CNK, -0.70% shares fell 0.8% on the news. Marcus Corp. MCS, -5.85% shares were unchanged.
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