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
AMC Theatres
AMC Entertainment’s much talked about preshow commercial starring an earnest Nicole Kidman in a glittery pantsuit will have three new iterations, CEO Adam Aron said today, as the exhibitor plans to start rotating a trio of 30-second spots in theaters nationwide on March 1. That campaign “took on like a cult-like nature, and became
AMC, fresh off the rollout of its AMC popcorn brand, has added its own line of candy to concession offerings. CEO Adam Aron first flagged the candy push back in May, noting the cost savings in making products in-house, as well as the branding opportunities. The news today is that four kinds of Cinema Sweets
EXCLUSIVE: Sources are telling us that the first day presales for the top three exhibitors stateside for Renaissance: A Film by Beyoncé is estimated to be around $6M-$7M+. Note these figures do not come from AMC. An official number from AMC could conceivably come in higher, if they release one. We understand that on Fandango,
AMC Entertainment’s CEO Adam Aron warned that the chain risks financial peril if it can’t raise fresh cash as needed while exhibition continues its post-Covid recovery amid Hollywood strikes. The world’s biggest move chain saw second-quarter earnings surge, sales jump and things looked great in movieland with the three months ended in June and the
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
AMC Entertainment will debut its new retail popcorn line at hundreds of Walmart locations on March 11 – Academy Awards weekend, the company announced this morning. CEO Adam Aron’s latest push to diversify the giant movie chain, from a gold mine to an AMC-branded credit card, will include three flavors of both microwave and ready-to-eat
Actor Elijah Wood is not a fan of AMC Entertainment’s latest move around ticketing that sets different prices for different seats inside its theaters. “The movie theater is and always has been a sacred democratic space for all and this new initiative by @AMCTheatres would essentially penalize people for lower income and reward for higher
AMC Entertainment said Saudi Entertainment Ventures (SEVEN) will buy out its investment in movie theater venture, Saudi Cinema Company, for $30 million. AMC said the agreement calls for it to transition from a management and investment role in SCC to “a pure licensing relationship.” Current AMC Cinemas and future locations operated by SCC will retain
AMC Entertainment plans to offer a co-branded credit card starting in early 2023 for members of its loyalty program, a first in the theatrical exhibition industry and the latest venture by the movie chain, which will also be rolling out its own popcorn for sale at retailers next year. The card is a push
UPDATED with conference call comments: AMC Entertainment CEO Adam Aron shrugged off Covid, streamers and windows as real issues for exhibition currently, saying the biggest challenge facing the industry “above all else, is that movie theater operators need more movies.” “At this point, there is only one topic that should be… on the tip of
EXCLUSIVE: We hear that the No. 1 exhibitor in the world, AMC Theatres, has made a deal with Bow Tie Cinemas to snap up and operate seven of their locations in Connecticut, upstate New York and Annapolis, Maryland. All in this this is north of 60 screens for AMC. For those who’ll remember, Bow Tie
Alamo Drafthouse Cinema has tapped Heather Morgan for the newly created post of Chief of Staff & Strategy, reporting to CEO Shelli Taylor and charged with “designing and executing key strategic programs to drive the organization forward.” Morgan was most recently VP of Content and Programming at Harkins Theatres and was previously VP of Studio