A positive reading of “Gone with the Wind” is that its appeal lay in the resilient spirit of Scarlett O’Hara, who survived the ravages of the Great Depression and was optimistic about the future. This approach often reflects a storyteller’s good intentions, as well as the tunnel vision of a particular cultural moment. Griffith asserted that he was simply depicting the historical truth, a similar defense mounted by filmmakers like “Green Book” director Peter Farrelly - a claim that may be apropos when the phrase “alternative facts” actually carries weight.
Prior to WWII, seminal films like “The Birth of a Nation” (1915) and “Gone with the Wind” (1939) helped formulate popular misconceptions of the Reconstruction with ahistorical portrayals of the antebellum South. This problem has some precedents in Hollywood. And “ The Best of Enemies” is the latest proof that Hollywood needs to find new ways to tell these stories. There are exceptions, but in the crudest cases, the black person in question is usually just a narrative device for an emotional arc built around the white character’s transformation. The formula is often the same: Stories are set in the Civil Rights era - from the mid-1950s through the early 1970s - and center on black-white relationships, with a white protagonist who is transformed by a relationship with a black person.
The AMC stock sales have diluted the holdings of individual shareholders, and the market cap of AMC is still down more than 50% from its peak.For better or worse, race-reconciliation movies are a longstanding Hollywood tradition. The new cash has certainly been a big support for AMC with the box office still struggling to reach pre-pandemic levels, but the theater chain also made the curious move to buy a stake in a gold mine. AMC announced on Wednesday that it had raised more than $300 million in an equity raise made possible by a corporate finance maneuver involving preferred stock it called APE shares - a cheeky reference to one of the references Redditors adopted for themselves. The company has also used its popularity to raise additional cash by selling more shares. Meanwhile, AMC CEO Adam Aron has leaned into the meme stock status for the theater chain, offering rewards like popcorn for shareholders.
In the second quarter of 2019, before the meme stock mania began, the company generated about $1.3 billion in net sales. The company generated just under $1.2 billion in net sales in the second quarter of 2023, its most recent report. The financial results have also been underwhelming.
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Former Amazon executive Matthew Furlong was ousted as GameStop CEO in June after about two years on the job, just one move in a series of executive shakeups at the company. The GameStop turnaround efforts of Chewy co-founder Ryan Cohen, who became something of a hero to the retail traders, have shown little sign of working. Personal Loans for 670 Credit Score or LowerĪs for the meme stock companies themselves, it is still unclear whether the fundamental theories of some Reddit traders were correct. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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