Latest in AMC Entertainment

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.” Related Story ‘Bla…

AMC Entertainment plans to launch "Zoom Rooms" at movie theaters in up to 17 U.S. cities serving businesses with in-person events and meetings. The partnership with Zoom will roll out "sometime in 2023," the giant exhibitor said. It will give the chain access to the "multi-billion market for…

Giant theater chain AMC Entertainment filed today to sell up to 425 million AMC Preferred Equity Units, or APEs, its new securities that have seen a price collapse amid a sour market and investor backlash. They sank some more early Monday, then popped higher. AMC distributed the initial batch of APE shares to…

Cineworld, staggering under heavy debt and facing a dip in box office revenue this quarter, asserted Friday that it’s business as usual for the giant movie chain while it explores options. The statement follows a report today that the U.K parent of Regal Cinemas is preparing to file for bankruptcy. Cineworld presaged a…

The domestic box office is about to go into a funk for two-and-half months due to the lack of tentpole product, but shares of AMC Entertainment keep on trucking. Following Thursday’s news that the world’s No. 1 exhibitor was awarding APE investors with one AMC preferred Equity share for each AMC Class A common stock…

AMC Entertainment saw revenue surge and net losses continue to narrow last quarter on a string of blockbusters led by Top Gun: Maverick. Comparisons with 2021 aren’t hard but exhibitors are seeing ticket sales moving closer to 2019 levels. The nation’s biggest movie chain saw sales of $1.16 billion compared with…

AMC Entertainment shareholders have sent a message to the company’s CEO, Adam Aron, by voting decisively to reject his compensation package. In an SEC filing, the company said the vote yesterday at the company’s shareholder meeting was conducted “on a non-binding advisory basis,” meaning it doesn’t compel AMC to take…

AMC Theatres announced its first newly-built theater of 2022 – the AMC Dine-In Topanga 12 in Canoga Park — will open June 2 as the pandemic-rattled exhibition business reshuffles. The launch will follow by a day the close of operations at nearby AMC Promenade 16 in Woodland Hills as the exhibitors continue to fine…

Stocks fell broadly on economic jitters with AMC Entertainment and Paramount struggling to stay in the green in late-morning trading after the biggest Memorial Day movie opening ever in Top Gun: Maverick. Things change fast lately on a Wall Street buffeted by the latest news on war, inflation and interest rates, so…

In a sign that managing 4 million retail shareholders isn't all fun and games, AMC Entertainment CEO Adam Aron said most advice het gets in voluminous social media correspondence is "well intended" but "some may be hurled at us with an intent of actually harming me or the company." It's the first time he's publicly…

Giant theater chain AMC Entertainment saw revenue jump fivefold and losses narrow sharply amid an ongoing box office recovery. “When Hollywood releases films that moviegoers want to see, people flock to cinemas in huge numbers to watch movies where they were designed to be seen, in theatres, on the big screen,” said…

EXCLUSIVE: AMC Entertainment CEO Adam Aron said an earlier gig as chief executive of the Philadelphia 76ers got him active on social media, tweeting with his hometown NBA team's fan base. The experience proved key navigating a dramatic transformation in the theater chain's shareholder base from mostly institutions to…