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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.
The Chosen, a popular multi-episode series based on Jesus' life, is set to premiere its third season on Nov. 18 in over 2000 theaters across the U.S. and English-speaking territories. The show, which boasts over 420 million views, has gained acclaim for its historical accuracy and has been translated into 62 languages. Distributed by Fathom Events, the first two episodes will be shown multiple times over five days. The series has successfully engaged viewers without subscription fees, relying on fan support.
AMC Entertainment Holdings, Inc. (NYSE: AMC) will report its third-quarter results for 2022 on November 8, 2022, after market close. The earnings webcast will start at 4:00 p.m. CST and will be accessible through the Investor Relations section of AMC's website. Investors can submit questions via the AMC Investor Connect platform until October 31, 2022. AMC is the largest movie exhibition company globally, operating around 950 theatres with over 10,500 screens, and is known for innovations like enhanced seating options and food choices.
Fathom Events announces the special one-night theatrical event for the new Christmas movie, IT'S CHRISTMAS AGAIN, on November 29 at 7:00 PM local time. The film, featuring actors Lawson Touliatos, Leela Owen, and others, explores the true meaning of Christmas through a modern-day musical format with ten original songs. Tickets are available online and at theater box offices. Additionally, the film will also be released in churches through the Faith Content Network, enhancing its outreach to various audiences.
AMC Theatres, in partnership with MTV Entertainment Studios and 101 Studios, is set to offer fans an exclusive preview of Yellowstone and Tulsa King on October 29. This event will occur at over 100 AMC locations, with tickets priced at $15 and available for purchase starting October 20. Attendees can participate in a costume contest and enjoy exclusive giveaways, including discounts for Yellowstone merchandise. Yellowstone returns on November 13 on Paramount Network.
Odeon Finco PLC has completed a private offering of $400 million in 12.75% senior secured notes due in 2027, issued at a price of 92%. The funds will repay OCGL's $506 million term loan as of June 30, 2022, resulting in a $106 million debt reduction for AMC. This extends the maturity of AMC's obligations from 2023 to 2027. The offering was available only to qualified institutional buyers. This strategic move aims to enhance AMC’s balance sheet and operational flexibility in recovering from pandemic impacts.
Fathom Events and Kondrat Media announce the theatrical release of the film PROPHET, portraying Cardinal Stefan Wyszyński, on November 15 and 17 in the U.S. The film highlights his role in countering communism in Poland and his influence on Pope John Paul II. This release marks the full feature directorial debut of Michal Kondrat, with Slawomir Grzymkowski in the lead role. PROPHET is part of Fathom's
National CineMedia (NCMI) and Spotlight Cinema Networks have announced a strategic collaboration called the Elevate Cinema Network. This partnership combines nearly 1,500 NCM screens with 1,200 Spotlight screens, expanding advertising access to a total of 2,700 premium screens. The network aims to target an upscale audience, significantly enhancing reach for advertisers in cinema advertising, which boasts high engagement rates. This collaboration is set to benefit exhibitors through increased revenue opportunities, enhancing the cinema advertising landscape.
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