AMC Entertainment’s biggest issue right now may be its $4.5 billion debt and the fact that most comes due in 2026. On a conference call post-earning today, CEO Adam Aron addressed it publicly for the first time, assuring investors the giant theater chain has been working with lenders for almost a year to extend the
Adam Aron
The trailer for Paramount‘s Smile 2 came as a surprise this morning during the studio’s session at CinemaCon. Though not introduced, when the images first hit the screen, it was easy to assume Paramount was distributing a Lady Gaga concert movie (it truly felt that way). But as it continued, it was clear Naomi Scott
AMC CEO Adam Aron continued to pour cold water on any notion that his No. 1 circuit is headed for Chapter 11. “Bankruptcy is a terrible word,” said Aron on a CinemaCon Industry Think Tank Panel which also included Bill Kramer, CEO, Academy of Motion Picture Arts & Sciences, as well as Cathleen Taff, President, Distribution,
Thank God — with hits like Dune: Part Two, Godzilla x Kong: The New Empire and Kung Fu Panda 4, the domestic box office may finally be shaking off the ashes from the double strikes, now counting close to $1.8 billion, with moviegoing gaining momentum. We told you quite early – at last year’s CinemaCon
EXCLUSIVE: So AMC‘s second concert movie, Renaissance: A Film by Beyoncé, hit tracking recently with a $20M opening projection. You’ll remember that the No. 1 circuit in the world, which is distributing the movie to other exhibitors through Variance (which also was tapped to handle AMC’s concert movie Taylor Swift: The Eras Tour) set a
Theater chain AMC will make a handsome profit from distributing Taylor Swift: The Eras Tour and from its box office grosses, which passed $232 million globally, said CEO Adam Aron. He declined to give any numbers until year end since both Swift — and Renaissance: A Film By Beyoncé, which launches Dec. 1 — fall
AMC Entertainment shares rallied as the company completed a previously disclosed equity offering, raising about $325.5 million of new capital. The company said it sold 40 million shares at an average price of approximately $8.14 per share. The move significantly boosts AMC’s cash reserves, addresses current liquidity concerns, and fortifies the balance sheet, AMC said.
AMC Entertainment is setting the table to sell up to 40 million shares, which it can now do with stockholder approval and after it dispensed with its APE units. But just because stockholders approved a sale doesn’t mean they’re happy with the move, which dilutes their holdings. AMC shares are down more than 20% in
Giant theater chain AMC Entertainment has promoted Ellen Copaken to SVP Marketing, effective immediately. She was also appointed to sit on the company’s management executive committee. Copaken joined AMC in February of as VP, Growth Strategy, and led the exhibitor’s AMC Perfectly Popcorn launch in more than 2,600 Walmart stores (and Walmart.com) ), delivering “sales
CEO Adam Aron said a court ruling Friday that makes it harder for AMC Entertainment to raise cash has serious implications for the circuit’s financial stability — a blowout ‘Barbenheimer’ weekend at the box office and surging share price notwithstanding. “AMC must be in a position to raise equity capital. I repeat, to protect AMC’s
Giant theater chain AMC Entertainment saw sales blow past Wall Street forecasts for the March quarter, rising 20% to $954 million. Losses narrowed by $102 million to $235 million, for an adjusted EPS of 17 cents a share, a also ahead of expectations. “It will take a few more years for the industry box office
AMC Entertainment CEO Adam Aron said the giant movie theater chain will start making its own candy line that will be cheaper for patrons, and for the company, given price hike by sweets manufacturers post-Covid. “We noticed, as a result of the pandemic and supply chain shortages, that candy manufacturers had increased their prices to
AMC Entertainment chief executive Adam Aron saw compensation last year totaling $23.7 million, up 25% from $18.9 million in 2021, according to an SEC filing Friday. That included a base salary of $1.5 million, a $6 million cash bonus, and stock awards valued at $16.2 million. “Despite challenging industry and economic conditions, as has been
AMC Entertainment chief executive Adam Aron said a booming box office and sharp pivot to theatrical by studios and streamers makes him “as relaxed and confident about AMC future as I possibly can be.” Speaking with Deadline at CinemaCon in Las Vegas on Tuesday, Aron indicated the icing on the cake would be a judge’s
AMC Entertainment has taken a big step forward on a few key fronts, announcing a settlement in a shareholder lawsuit that would allow it to issue stock, raise capital, convert its APE units and go ahead with a ten-for-one reverse stock split – basically a lifeline if it needs one. Shareholders had approved the much-needed
AMC stockholders today overwhelmingly approved a pair of provisions that would dramatically enhance the company’s ability raise fresh cash by issuing and selling shares and boost the price of the company’s shares in a ten-for-one-reverse stock split. The approval at a special meeting of shareholders help virtually would also trigger the immediate conversion of AMC
AMC Entertainment CEO Adam Aron said the new Sightline ticket pricing regime the chain’s trying out in three markets has the potential to expand the moviegoing market and prevent future price hikes. “We are in inflationary times, and inflationary times cause costs to rise,” he said. “Under the pre-Sightline structure of the industry, if we
Giant movie chain AMC Entertainment saw revenue dip 15% last quarter to $991 million and losses widen on a one-time impairment charge in a fourth quarter was tough on exhibition in general with Avatar: The Way Of Water hitting late in the year, and a few misfires. A fuller release sked led by a steadier