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UPDATED with closing prices: AMC Entertainment's new APE securities — AMC Preferred Equity Units – began trading today late morning in a messy session for the big exhibitor, whose primary stock plummeted, closing down 41%. at $10.46. It was up slightly in after-market trading. APE units were being distributed to AMC…

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…

Wall Street had a wild start to the week, with stock markets rebounding to end Monday higher after plunging on worries about rising interest rates and tensions in Ukraine. Media stocks mostly ended up in positive territory, though AMC and Netflix were notable exceptions, declining 7% and 2.6%, respectively. The Dow…

AMC Entertainment CEO Adam Aron has sold another tranche of stock, the latest in a flurry of selling he had warned investors was coming but said today is now over. According to an SEC filing, the exec unloaded 312,500 shares yesterday at $22.846 — so about $7.14 million. Last month, he divested $9.65 million worth of…

In a New Year’s resolution shared on Twitter, AMC Entertainment CEO Adam Aron vowed to try to refinance the company’s debt and strengthen its balance sheet. He noted that in response to the pandemic, in 2020 and early 2021, the top movie theater circuit took on debt “at high interest rates to survive.” Aron said he…

AMC Entertainment saw revenue jump to $763 million last quarter, beating Wall Street forecasts on a strong movie slate and accelerating theatrical recovery. Adjusted EPS losses of 44 cents a share shrank from a loss of $8.41 a year ago. Analysts had anticipated sales of $708 million with an EPS loss of 53 cents. As of…

Top movie theater operator AMC Entertainment has retired $35 million in high-interest debt, the latest step in its effort to stage a financial comeback from Covid-19 and keep pace with a fast-evolving movie business model. The repurchase of the secured notes, which carried an interest rate of 15% for cash and 17% for…

UPDATED with results of share sale, closing stock price. AMC Entertainment said it raised $587.4 million from the sale of 11.55 million shares in an at-the-market transaction. The average price of the shares was $50.85, the top owner of movie theaters said. After wild fluctuations during the trading day that saw AMC…