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AMC CEO Says Only “Very Prolonged” Strike Would Impact Theaters; Chain To Start Its Own Candy Label
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…
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4 Comments Comment on AMC CEO Says Only “Very Prolonged” Strike Would Impact Theaters; Chain To Start Its Own Candy Label
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AMC Entertainment Saw Q1 Sales Jump, Losses Narrow; CEO Says Ability To Raise Capital Will Be “Crucial Component” Of Success
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.
Shares popped higher this morning on the…
AMC Entertainment CEO Adam Aron Sees $23.7 Million Pay Package In 2022, Up 25%
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…
Adam Aron “Relaxed & Confident” About AMC’s Future; Unveils Branded AMC Entertainment Visa Card – CinemaCon
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…
AMC Entertainment Settles Shareholder Lawsuit
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 10-for-1 reverse stock split — basically a lifeline if it needs one.
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AMC Shareholders Approve Key Measures To Raise Fresh Cash, Convert APE Units
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…
AMC CEO Adam Aron Defends New “Sightline” Ticket Pricing, Acknowledges “Substantial Change To The Status Quo For U.S. Moviegoers”
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…
AMC Entertainment Q4 Sales Dip, Losses Widen; CEO Sees 2023 Recovery But Says Shareholders Must Approve Key Cash-Raising Measures
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-Branded Popcorn To Debut At Walmart Oscar Weekend; CEO Touts “Authentic Taste Of Real Movie Theatre Popcorn At Home”
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…
AMC Entertainment CEO Adam Aron Asks Board To Freeze His Pay; “I Do Not Want More When Our Shareholders Are Hurting”
Adam Aron said today he's asked the theater chain's board of directors to freeze his compensation for 2023 given the decline in AMC stock.
"Biggest inflation in 40 years, so in 2023 companies will grant large % salary raises. But I do not want "more" when our shareholders are hurting. So, I…
AMC Entertainment To Offer Co-Branded Visa Card For Stubs Members In Early 2023
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…
AMC CEO Adam Aron Extols Return Of Bob Iger To Disney: “Let Me Shout This From The Mountain Top”
Among those quite happy with the re-installment of Bob Iger as Disney’s CEO was exhibition giant, AMC’s Adam Aron, who took to Twitter in the wake of the news exclaiming, “Based on box office grosses, Disney is the biggest film maker of any movie studio. Bob Iger coming back to again lead Disney as its…
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