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AMC Entertainment Holdings, Inc. (NYSE: AMC) is the largest movie exhibition company in the United States, Europe, and globally, with around 900 theatres and 10,000 screens in operation. Known for its innovative amenities, AMC offers plush, power recliners, MacGuffins full bars, AMC Dine-In Theatres, and premium presentations, positioning itself as a leading destination for moviegoers.
Founded in 1968 as American Multi-Cinema, Inc., the company pioneered the multiplex theater concept, transforming single-screen theaters into multi-auditorium setups. AMC's dedication to enhancing the movie-going experience includes initiatives like the AMC Stubs rewards program launched in 2011 and its Subscription A-List program, offering members the chance to see multiple movies per week.
In recent years, AMC has shown resilience and adaptability in facing industry challenges. Despite the impacts of the COVID-19 pandemic and Hollywood strikes, the company has consistently exceeded revenue and earnings expectations. In the first quarter of 2024, AMC reported total revenues of approximately $951.4 million. AMC continues to innovate with its new AMC Theatres Distribution, which successfully released TAYLOR SWIFT | THE ERAS TOUR and RENAISSANCE: A FILM BY BEYONCÉ in 2023.
Furthermore, AMC’s Summer Movie Camp program offers affordable family entertainment, and its loyalty programs provide significant savings and benefits to movie lovers. Beyond traditional cinema, AMC is also a major stakeholder in Fathom Events, bringing unique content like documentaries and concert films to a broad audience.
Fathom Events announces record-breaking performance in 2024 with gross revenues exceeding $145 million, marking a 45% increase from 2023's $100 million. The company will rebrand as Fathom Entertainment in January 2025. Notable successes include special engagements like Coraline's 15th-anniversary release ($34M+), The Chosen Season 4 ($32M+), and The Blind ($17M+).
Co-owned by AMC Theatres, Cinemark, and Regal Cinemas, Fathom operates in 45 countries with over 1,100 locations. The company's growth strategy focuses on longer release windows and special engagements, capitalizing on post-COVID theatrical market changes and audience demand for specialty content.
AMC Theatres reported record-breaking attendance and revenue during the 2024 Thanksgiving holiday period, with over 8.8 million moviegoers worldwide from Wednesday through Sunday. The company set multiple U.S. records, including its busiest pre-Thanksgiving Wednesday, Thanksgiving Day, and Black Friday. November 29 marked AMC's highest total revenue Friday ever and second-highest revenue day in company history. The success was driven by new releases including MOANA 2, along with strong performances from WICKED, GLADIATOR II, and RED ONE.
AMC Theatres achieved its highest domestic revenue for a pre-Thanksgiving weekend in its 104-year history, driven by strong openings of WICKED and GLADIATOR II. The company welcomed 4.6 million moviegoers across AMC Theatres and ODEON Cinemas from Thursday to Sunday. WICKED merchandise, including themed popcorn vessels and Grippr Cups, sold out mid-weekend. AMC will introduce WICKED Singalong showtimes in select locations starting late December. ODEON Cinemas recorded its highest single-day revenue in 2024 on November 23.
Amcor (NYSE: AMCR) has received recognition at the 35th Packaging Innovation Awards for its AmPrima® Plus coffee packaging solution. The innovative mono-PE pouch offers up to 68% reduction in carbon footprint compared to traditional alternatives while maintaining product freshness. The solution addresses growing consumer demand for sustainable packaging, with research showing 44% of coffee consumers are influenced by sustainability claims. The product, designed following CEFLEX guidelines, helps brands transition to recyclable packaging solutions while maintaining performance. As of fiscal year 2024, 94% of Amcor's global flexible packaging portfolio has recycle-ready solutions available.
Amcor (NYSE: AMCR) has secured a European patent for its AmFiber™ Performance Paper, a high-barrier paper-based packaging solution. The patent recognizes the product's innovative barrier materials and patterned sealable material, which provides unique functional attributes for food- and healthcare-grade packaging. The AmFiber portfolio, currently available globally, is suitable for various applications including snacks, beverages, meat, dairy, and personal care products. The solution offers recyclability and high-speed customer line performance, supporting Amcor's commitment to sustainable packaging solutions and circular economy initiatives.
AMC Theatres announces its ambitious AMC's Go Plan, a strategic investment of $1-1.5 billion over 4-7 years to enhance movie-going experiences across US and European locations. The plan focuses on expanding Premium Large Format (PLF), Extra Large Format (XLF), and Laser technologies. Key initiatives include increasing IMAX with Laser installations from 42 to potentially two-thirds of 223 global IMAX locations, expanding PRIME at AMC venues from 31 to up to 100, and doubling or tripling the current 2,137 Laser at AMC auditoriums. The plan also includes deploying 200-250 new XL at AMC auditoriums with 40-feet-wide screens and 4K laser projection.
AMC Theatres has announced the launch of XL at AMC, a new initiative to highlight their extra-large screen experiences. Following successful testing at 68 ODEON Cinemas in Europe, AMC plans to roll out XL screens in 50-100 U.S. locations by the end of 2025, eventually expanding to 200-250 locations. XL at AMC will feature screens at least 40 feet wide with 4K laser projection, branded entries, and clear online showtime designations. The initiative aims to meet increasing demand for larger screens and provide more programming flexibility for multiple blockbusters in theatres with Premium Large Format screens.
AMC Entertainment Holdings, Inc. (NYSE: AMC) reported its third quarter 2024 results. Key highlights include:
- Financial performance metrics for the quarter ended September 30, 2024.
- Details available on AMC’s Investor Relations website.
- A live webcast for investors on November 6, 2024, at 4:00 PM CST/5:00 PM EST.
- Webcast archive will be available on the Company’s website post-event.
National CineMedia (NCMI) reported Q3 2024 revenue of $62.4 million, a 10.3% decrease from $69.6 million in Q3 2023. Operating loss improved to $7.5 million from $150.7 million year-over-year. Adjusted OIBDA decreased to $8.8 million from $11.3 million. The company's scatter revenue grew 35% year-over-year, with premium Platinum offering more than doubling. For Q4 2024, NCM expects revenue between $82.0-86.0 million and Adjusted OIBDA of $28.0-30.0 million.
National CineMedia (NASDAQ: NCMI), the operator of the largest cinema advertising platform in the U.S., announced it will release its third quarter 2024 earnings results after market close on November 5, 2024. The company will host a conference call and audio webcast at 5:00 p.m. Eastern Time. The call will be accessible via phone at (844) 481-2522 for domestic and (412) 317-0550 for international participants. A replay will be available until November 19, 2024, and can be accessed through the company's website or by phone.
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