Latest in AMC Entertainment

AMC Entertainment CEO Adam Aron said Tuesday that the nation's largest cinema chain had raised $204 million in two weeks in December out of at least $750 million it needs to get to the other side of a global pandemic that has crippled moviegoing. It was the latest capital raise after previous rounds of AMC stock and…

Financially hurting cinema advertising network National CineMedia has inked a deal to run ads with Coinstar, a big operator of supermarket coin-counting kiosks. With the exhibition business on the Covid-19 skids, the agreement helps expand National CineMedia's digital-out-of-home footprint by extending its…

AMC Entertainment on Wednesday filed to sell up to 50 million more shares in an ongoing quest to stay solvent as it outruns the pandemic. The nation's largest theater chain registered the shares in an SEC filing this morning, adding to the 200 million it previously registered. It said it’s raised $104 million as of…

AMC Entertainment Monday unveiled plans to change its board structure in an agreement with majority shareholder Wanda America Entertainment, a division of Dalian Wanda Group of China. Wanda holds nearly 60% of the voting power of financially strapped AMC through ownership of all the company's super-voting Class B…

UPDATED with Tuesday stock movement. AMC Entertainment shares fell almost 18% on Monday to close at $3.19, with Cinemark stock also taking a hit after a report that Cinemark has expressed interest in operating select AMC venues. AMC stock dropped another 10% on Tuesday to $2.86, its lowest point since November 6…

Struggling AMC Entertainment said it risks running out funds in January. In its latest warning cry, it said it needs $750 million “to remain viable” through 2021. Even if it raises that, it still risks bankruptcy next year if moviegoing doesn't pick up — and Warner Bros. may have made that harder to accomplish. In an…

Movie theater stocks were mixed Friday as the industry absorbed shock waves from Warner Bros.' window-smashing announcement the day before when the cinema group collectively plunged by double digits. The smaller, publicly-traded U.S. chains have lower debt and are in better financial shape. Third- and fourth-ranked…

AMC Entertainment on Thursday filed with the SEC to sell up to 200 million shares as the embattled exhibitor seeks to keep its business afloat with the global pandemic dragging on. It could raise $844 million at an estimated offering price of $4.22 per share, based on trading Nov. 30, the filing said. But the stock…

Stocks in U.S. movie theater circuits AMC and Cinemark staged rallies today after more positive COVID-19 vaccine news as well as a new financial lifeline for Cineworld. The UK-based Cineworld, parent of Regal Cinemas, said it secured a $450 million credit facility and an overall infusion of $750 million. On the…

It should come as no surprise to hear that Cinemark and Universal have hammered out their own truncated theatrical window and Premium VOD share deal in the wake of the one AMC inked with the Hollywood major studio at the end of July. Cinemark CEO Mark Zoradi, a former president at the Walt Disney Motion Picture Group…

The nation's fourth-biggest cinema chain Marcus Theatres saw revenue plunge and swing to the red in its most recent third-quarter earnings released Tuesday. It beat Wall Street forecasts, however, and emphasized its solid financials underpinned by the fact it owns most of its theaters. Family-owned Marcus, based in…

AMC CEO Adam Aron channeled Winston Churchill Monday, comparing the exhibition industry’s last stand against COVID-19 (and Chapter 11) to the U.K.'s fight for survival during World War II. Wall Street analysts on a conference call were too polite to bring up the word bankruptcy directly, nor did Aron. He said again…