AMC CEO Blames King Arthur and Baywatch For Drop In Profits

The CEO of AMC Theaters heaped blame on recent failures like King Arthur: Legend of the Sword and Baywatch for what was a slow quarter at the U.S. box office, especially for the world’s largest theater chain. Baywatch performed admirably worldwide with $173 million but was a domestic flop earning just $58 million against a $69 million budget. King Arthur, meanwhile, was a worldwide disaster, earning just $143.4 million globally despite costing $175 million to make.

The domestic box office has slowed considerably since a remarkable surge in March, which happened thanks to bona fide hits like
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