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.” “At this point, there is only one topic that should be… on the tip of
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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 potential Chapter 11
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Giant theater chain AMC Entertainment saw revenue jump and losses narrow 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 CEO Adam Aron about a
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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
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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 about 4 million private individuals. Until early
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AMC Entertainment is planning its first major upgrade since the transition to digital, announcing a deal with Cinionic to roll out laser projectors to 3,500 of its U.S. auditoriums through 2026. The ’Laser at AMC’ initiative “represents a significant acceleration of AMC’s commitment to enhance the on-screen presentation” — with improved picture contrast, maximum picture
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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
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AMC CEO Adam Aron, who already has announced a push into retail popcorn sales and accepting payment in cryptocurrencies, waxed enthusiastic Monday at a flood of new ventures suggested by the chain’s 4.1 million retail investors. The floated ideas include everything from an AMC credit card and a return to movie producing to its own
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Theatrical giant AMC Entertainment announced it’s “expanding its business outside of the traditional theatrical exhibition industry with plans to capture a piece of the growing multi-billion dollar popcorn market.” That means it will be selling AMC Theatres Perfectly Popcorn through four new platforms starting next year, including at AMC Theatres Perfectly Popcorn kiosks at select
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EXCLUSIVE: Exhibition need not worry: After October’s vibrant box office, there is indeed more blockbuster business to come in November. Deadline has learned that advance ticket sales for Disney/Marvel’s Eternals, opening on Nov. 5, are already quite huge. Insiders say advance sales for the movie from Oscar winning filmmaker Chloé Zhao, is estimated to have racked up
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AMC Entertainment will present a weeklong AMC Black Picture Showcase at select theaters nationwide starting Friday to celebrate Juneteenth. The newly established national holiday commemorates the abolishment of slavery in the U.S. The exhibitor said tickets will cost $5 to shows of “classic, contemporary and culturally relevant, black-led films.” The seven films in the lineup
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AMC Entertainment CEO Adam Aron was nearly giddy Thursday, quoting Winston Churchill, trying to top him, talking up a box office recovery, the chain’s expanded market share, cash position and hiring plans and millions of new retail investors who have replaced China’s Wanda Group as its core shareholder base. Like an Oscar acceptance speech, he
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