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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 improved its liquidity by raising over
AMC Theatres reported a significant boost in both U.S. and global admissions and food & beverage revenue, outperforming figures from the same weekend in pre-pandemic 2019. This surge was largely driven by the premium format success of AVATAR: THE WAY OF WATER, which accounted for over 70% of box office gross at AMC. Additionally, on the international front, ODEON Cinemas achieved its highest single-day revenue for admissions and food & beverage in 2022. CEO Adam Aron highlighted the film's strong reception and the preference of moviegoers for premium viewing experiences.
Pinkfong Company, known for Baby Shark, is set to release its new cinematic special, Pinkfong Sing-Along Movie 2: Wonderstar Concert, in theaters on January 28 and 29, 2023. This feature-length film, produced by award-winning creators, follows Pinkfong and Hogi as they prepare for a concert. The sequel includes 14 popular Pinkfong songs, including the iconic Baby Shark. Tickets can be bought through Fathom Events or participating theaters. The film aims to provide memorable experiences for families.
AMC Entertainment has announced the launch of the AMC Entertainment Visa Card, set to debut in early 2023. This credit card is exclusive to the theatrical exhibition industry in the U.S., allowing cardholders to earn AMC Stubs rewards points for both movie-related and everyday purchases. New cardholders who spend $50 within three months will receive $50 in AMC Stubs Bonus Bucks. A waitlist has been introduced due to high demand, with participants entered into a sweepstakes for a chance to attend a red-carpet movie premiere with CEO Adam Aron.
Shin Ultraman will debut in U.S. theaters for two nights only, on January 11 with English subtitles and January 12 dubbed in English. The film, produced by Hideaki Anno and directed by Shinji Higuchi, revives the classic superhero first aired in 1966. Set in modern Japan, it introduces Ultraman, who descends to save the planet amid challenges faced by the SSSP Kaiju defense taskforce. Tickets are available through Fathom Events and participating theaters.
Angel Studios' The Chosen has achieved a significant milestone, grossing over $14.4 million at the U.S. box office, marking Fathom Events' highest-grossing event ever. This achievement highlights the show's popularity, selling more than 1.2 million tickets since its premiere on November 18, 2022. The event was so successful that it was extended until December 8, 2022. Fathom Events' CEO noted the addition of over 400 theater affiliates, emphasizing the demand for premium event cinema.
GKIDS and Fathom Events are set to screen the final installment of the EVANGELION film series in U.S. theaters on December 6, 8, and 11. This marks the first North American showing of EVANGELION:3.0+1.01 THRICE UPON A TIME, originally released in Japan in 2021, where it grossed ¥10.28 billion (approximately $85 million). The event showcases the conclusion of the iconic saga created by Hideaki Anno, which has been a significant part of animation history since 1995.
Fathom Events and the Metropolitan Opera have renewed their partnership to continue the Live in HD series through the 2025-26 season, marking two decades of collaboration. This series has brought performances from the Met to over 725 theaters, attracting an estimated 580,000 audience members annually and generating over $205 million in revenue. The upcoming season highlights include the world premiere of The Hours on December 10, 2022, and several new productions. The program emphasizes the role of live performances in revitalizing theater attendance post-COVID.
Fathom Events announces the theatrical release of LEFT BEHIND: RISE OF THE ANTICHRIST starting January 26. This film features actors like Kevin Sorbo and is based on the acclaimed book series, which has sold over 80 million copies. The sequel aims to engage a new audience by addressing current events from a biblical perspective. The original LEFT BEHIND film grossed over $30 million worldwide.
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