The entertainment industry has been under pressure as a result of macroeconomic uncertainties. So, I think it could be wise to wait for a better entry point in IMAX Corporation (IMAX) for reasons discussed throughout this article. However, AMC Entertainment Holdings, Inc. (AMC) is best avoided considering its weak fundamentals.
The media industry is in turmoil, and this is unlikely to change anytime soon. Media companies are dealing with two Hollywood strikes, declining ad revenue, and losing money on streaming businesses.
