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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.
AMC Entertainment Holdings has reached a settlement that benefits common stockholders by granting them additional shares valued at over
AMC Entertainment Holdings, Inc. (NYSE: AMC & APE) will release its first-quarter results for 2023 on May 5, 2023, before market opening. The earnings webcast will commence at 7:30 a.m. CDT and will be accessible via AMC's Investor Relations website. Investors can submit questions through AMC Investor Connect. AMC operates approximately 950 theaters and 10,500 screens, leading in the theatrical exhibition industry globally. The company is noted for its innovative approaches, including new seating options and enhanced customer engagement strategies.
National CineMedia (NCM) released a study confirming cinema as the leading platform for consumer attention to advertising, outperforming TV, CTV, social, and digital ads. Conducted by Lumen and dentsu, the study revealed cinema attention scores were 4-7 times higher than other channels, with 97% viewer engagement compared to 38% for TV. The findings indicate longer ad viewing duration and a direct correlation between attention metrics and brand recall. Major brands like Wendy’s and adidas participated, suggesting significant implications for advertising strategies. NCM aims to leverage these insights for enhanced media effectiveness.
AMC Entertainment Holdings has announced that its shareholders approved both the Share Increase Proposal and the Reverse Split Proposal during a Special Meeting held on March 14, 2023. With 88% and 87% approval respectively, these measures aim to enhance AMC's ability to raise equity capital and strengthen its balance sheet. Despite this endorsement from shareholders, implementation is contingent on a pending court ruling related to ongoing litigation in Delaware. A hearing is scheduled for April 27, 2023, which may influence the execution of these proposals as the company seeks to improve its financial standing.
AMC Entertainment Holdings will host a listen-only webcast of its Special Meeting of Stockholders on
Investors can access the webcast via AMC’s Investor Relations website. As the largest theatrical exhibition company globally, AMC operates approximately 950 theatres and 10,500 screens, focusing on innovation and enhanced guest experiences.
AMC Entertainment Holdings, Inc. (NYSE: AMC, APE) reported its fourth quarter and full-year results for 2022. The detailed financial performance can be found on their Investor Relations page. A live webcast for investors is scheduled for February 28, 2023, at 4:00 p.m. CST. AMC continues to lead the global movie exhibition industry with approximately 950 theatres and 10,500 screens. The company has innovated through enhanced guest experiences, including power-recliner seats and improved food options. For further insights, visit their official website.
AMC Entertainment is launching a new line of microwave and ready-to-eat popcorn exclusively at Walmart, starting from March 11, just ahead of the Academy Awards. The product line features six varieties, including flavors like Classic Butter, Extra Butter, and Lightly Salted. AMC's popcorn will be available in over 2,600 Walmart locations and on walmart.com. The microwave popcorn is priced at $4.98 for a 6-count, while ready-to-eat options retail for $3.98 for bags weighing 4.2-5.2 oz. AMC aims to expand its retail presence beyond Walmart later this year.
Ahava Productions and Fathom Events are set to release the documentary Santiago: The Camino Within in select U.S. theaters for one night only on March 28, 2023, at 7:00 PM. The film captures the transformative journeys of travelers along the historic Camino de Santiago, highlighting personal reflections and spiritual connections. Narrated by Bishop Donald Hying, the documentary showcases the beauty and depth of this ancient pilgrimage. Created by award-winning composer Erin Berghouse, it aims to inspire viewers through both its emotional narrative and music. Tickets are available online and at theater box offices.
AMC Entertainment Holdings, Inc. (NYSE: AMC, APE) will report its fourth quarter and full year results for 2022 after the market closes on February 28, 2023. A live earnings webcast is scheduled for 4:00 p.m. CST, accessible through the Investor Relations section of its website. Investors are encouraged to register at least 15 minutes before the webcast and can submit questions through AMC Investor Connect starting February 20, 2023. The company, with about 950 theatres and 10,500 screens globally, emphasizes innovation in the exhibition industry with enhanced seating, food options, and loyalty programs.
TBN, Fathom Events, and Impact Productions announced the upcoming premiere of THE JOURNEY: A Music Special from Andrea Bocelli, set for April 2-4 and April 6, 2023, in theaters nationwide. This documentary follows Bocelli and his wife as they traverse Italy's Via Francigena pilgrimage, blending stunning musical performances with personal stories. Notable appearances include Pope Francis, Michael W. Smith, and Tori Kelly. Tickets are available now via the Fathom Events website. The premiere aims to inspire audiences through a journey of faith, music, and scenic beauty.
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