Amc Entmt Hldgs Inc - AMC STOCK NEWS

AMC Entertainment Holdings, Inc. (NYSE: AMC and APE) reported its first-quarter results for 2023. The full press release can be found on the company's Investor Relations website. A live webcast for investors and interested parties will be held on May 5, 2023.

AMC Theatres plans to bring Laser Projection by Cinionic to its premium large format brand, PRIME at AMC, across the United States. Laser Projection by Cinionic will provide high contrast Barco 4K laser projection, delivering brighter and more vivid onscreen images. The introduction of laser technology in PRIME at AMC auditoriums aligns with AMC's commitment to Make Movies Better and offers a more environmentally friendly way to present movies.

AMC Entertainment has launched the AMC Entertainment Visa Card, the first co-branded movie theatre credit card in the U.S. The card allows users to earn AMC Stubs points for everyday purchases. Cardholders receive 50 points per $1 spent at AMC locations and 20 points per $1 on dining, groceries, and gas. New members spending $50 within the first three months receive $50 in AMC Stubs Bonus Bucks. The card is designed for AMC Stubs members, allowing for enhanced rewards that can lead to discounts on concessions and movie tickets.

This partnership with Visa and Deserve aims to offer a unique value proposition, encouraging customers to engage with the AMC brand outside the theatres.

National CineMedia (NCM) will represent the U.S. at the Cannes Lions International Festival of Creativity for the first time in four years. This year's competition saw over 280 entrants, marking a 16% increase in participation. The winners of the U.S. Young Lions competition will showcase their skills globally from June 19 to June 23 in Cannes, France. NCM aims to elevate the competition by involving a diverse panel of judges from prestigious brands such as Meta and Coca-Cola. This year’s campaign, Represent!, focuses on inclusivity in creative careers, partnering with The Creative Ladder, founded by Ryan Reynolds. NCM will feature the winners in a promotional video airing in U.S. theaters this spring, further amplifying their visibility.

National CineMedia, Inc. (NCMI) announces a restructuring support agreement to convert all secured debt into equity as part of a Chapter 11 bankruptcy filing. This move aims to strengthen the company’s balance sheet and position it for long-term growth without disrupting operations. NCMI anticipates a 44.4% increase in Q4 2022 revenue, reaching $91.7 million, alongside a 251.3% rise in operating income and a nearly 130% boost in Adjusted OIBDA to $42.1 million. With 83 million moviegoers in 2023, the company is well-placed to serve advertisers targeting young audiences. The restructuring will allow for the continuation of key contracts and ensure complete payment of general unsecured claims during the process.

AMC Entertainment announced a record-setting weekend with over 3.6 million moviegoers visiting its theaters in the U.S. from Friday to Sunday. This event marked AMC's third busiest weekend since December 2019 and the highest revenue day since reopening in 2020, driven by the success of THE SUPER MARIO BROS. MOVIE. AMC also achieved an all-time high in Easter weekend revenue, combining ticket sales and food and beverage sales. Key titles, such as AIR and DUNGEONS AND DRAGONS: HONOR AMONG THIEVES, contributed to this surge in attendance. The MARIO BROS. collectible popcorn tins also saw remarkable sales, selling out rapidly.

AMC Entertainment Holdings has reached a settlement that benefits common stockholders by granting them additional shares valued at over $100 million. This arrangement comes as AMC seeks to recapitalize and manage its debt obligations post-pandemic. Stockholders will receive one share for every 7.5 shares held after a reverse stock split related to the conversion of preferred share units. The share distribution is anticipated about 10 trading days after stock exchange approval is filed on April 4. This settlement arose from litigation aimed at protecting stockholders from substantial dilution of their shares.

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.