Latest in AMC Entertainment

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…

Regarding the AMC Stubs A-List frequent moviegoer program, AMC Entertainment CEO Adam Aron today declared himself a "proud papa celebrating the arrival of the newborn and looking forward to years and years of joy." Aron delivered the comments on a conference call with Wall Street analysts following the announcement…

Whetting the appetite for today’s second-quarter earnings announcement, AMC Entertainment on Tuesday night touted strong uptake for its nascent frequent moviegoer program, AMC Stubs A-List. This morning, the world’s largest exhibitor reported a 20% Q2 increase in revenues across all categories to a record $1,442.5M…

AMC Entertainment CEO Adam Aron made a quick stop in Barcelona at this week's CineEurope exhibitors conference where he updated me on the possibility of the company doing a European IPO, the exhibition giant’s potential offloading of some non-strategic assets and developments further to the southeast in burgeoning Saud…

Leading exhibitor AMC Entertainment has reduced its stake in movie theater ad firm Screenvision, selling some of it to private equity firm Abry Partners for $45 million in cash while retaining a minority interest. The move is part of the exhibitor’s stated goal of generating $400 million from non-strategic assets…

Skies over MoviePass grew darker today as parent company Helios & Matheson Analytics saw its stock price drop another 12% to close at an all-time low of 54 cents. The share price has plunged more than 75% this month alone after execs warned in an SEC filing that they were running low on cash reserves. Exhibitors, most…

UPDATED at 3PM PT to reflect Wednesday trading. The stock of MoviePass parent Helios & Matheson has gone into free fall, with two days of steep drops leaving it at an all-time low of 79 cents a share. In an SEC filing Tuesday, the company disclosed that it had only $15.5 million in available cash at the end of April…