Latest in AMC Entertainment

Craig Ramsey, CFO of AMC Entertainment, addressed hot topics including the exhibitor’s flagging stock price and its outlook on the 2020 film slate, streaming and windows in an appearance at Citibank’s TMT West Conference. “Everybody’s been saying it’s not going to be as good a year” in 2020, Ramsey said. “Well, we’ll…

In an earnings call with analysts to discuss AMC Entertainment’s third-quarter results, CEO Adam Aron blasted National CineMedia’s new initiative placing advertisements closer to feature films. Starting last Friday, NCM began running a single 30- or 60-second “platinum spot” immediately before the “attached” one or…

AMC Entertainment delivered mixed results for the the third quarter, posting total revenue of $1.3 billion and a loss of per share of 53 cents. Revenue gained 8% over the prior-year period and slightly exceeded Wall Street analysts’ consensus forecast. The net loss was wider than the expectation for 53 cents a share…

EXCLUSIVE: Before Hurricane Dorian reaches landfall sometime tonight, some theaters on the central east coasts of Florida have already boarded up including a slew of AMC, Regal and Cinemark multiplexes. Most of these sites aren’t expected to re-open until Tuesday and Wednesday, in time for New Line’s It: Chapter Two…

EXCLUSIVE: We are hearing that that AMC’s U.S. President of Programming is leaving the company after a decade’s run at the end of the year. We’re still waiting for AMC to weigh in, but it’s believed by distribution sources that Lenihan, a very respected vet in exhibition, was part of the recent Aug. 22 cuts. When…

Top exhibitor AMC Entertainment, following through on previously announced cost-cutting plans, has laid off 35 office staffers and will not fill 15 more positions. In a statement furnished to Deadline, AMC acknowledged the “difficult but necessary organizational changes” at its headquarters in Leawood, KS. The company…

AMC Entertainment’s stock perked up Thursday after the top exhibitor announced second-quarter results that exceeded Wall Street’s expectations thanks to Avengers: Endgame and other blockbusters. Net income totaled $49.4 million, more than double the $22.2 million recorded in the year-earlier period. On a per-share…

AMC Theatres’ Stubs A-List subscription service has added 200,000 members in 2019 to date, passing 800,000 total subscribers. The company said the level is well ahead of its initial Year One target of 500,000 members, and also makes it the No. 1 subscription moviegoing service in North America. MoviePass initially…

Shares in AMC Entertainment plunged nearly 14% today as investors digested a mixed third-quarter report and fretted about the company following MoviePass down the path of subscription moviegoing. The No. 1 exhibitor’s stock has now fallen more than 25% from its 52-week high in mid-September, closing today at $15.66 on…

China’s Dalian Wanda Group has agreed to a deal with Sunac China Holdings to sell its Wanda Cultural Management unit, representing the last of Wanda’s film and theme park ties in the country. The deal all but signals the end of Wanda’s once-massive plans for its entertainment businesses in China. Sumac said in a…

AMC Entertainment announced it has closed a $600 million strategic investment from Silver Lake, a tech-oriented investment firm, and will use part of the proceeds to buy back Class B common shares owned by the Dalian Wanda Group. The deal will give Silver Lake, which has stakes in companies including Alibaba, Tesla…

Goliath just took a whack from David in court in Texas today as a federal judge tossed AMC Entertainment's attempt to toss out Viva Cinemas antitrust suit over the now shuttered theater’s Spanish-language showings of first-run studio pictures. A trial is still probably a way off in what has been an over three-year…