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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.
Odeon Finco PLC has priced a private offering of $400 million in 12.750% senior secured notes due 2027 at an issue price of 92.00%. The proceeds will be used to repay OCGL's existing $506 million term loan facilities as of June 30, 2022. The offering is set to close around October 20, 2022, and the notes will be guaranteed by OCGL and some of its subsidiaries, as well as on an unsecured basis by AMC. The notes will not be registered under the Securities Act and are offered primarily to qualified institutional buyers.
Odeon Finco PLC has initiated a private offering of $400 million in senior secured notes due 2027, guaranteed by Odeon Cinemas Group Limited and AMC Entertainment Holdings, Inc. The funds will be used to repay existing loan facilities and cover associated expenses. These notes are targeted at qualified institutional buyers and will not be registered under the Securities Act. The offering aims to stabilize the company's financial position amidst a challenging market environment. The notes are expected to be listed on the International Stock Exchange.
AMC Theatres has entered its first agreement with Netflix to screen GLASS ONION: A KNIVES OUT MYSTERY from November 23-29. This event marks a significant collaboration, enabling the film to be shown at over 200 locations in the U.S. and in select Odeon cinemas across the UK, Ireland, Italy, Germany, and Spain. Tickets will be available starting October 10. AMC's CEO, Adam Aron, stated that this partnership reflects the coexistence of theaters and streaming services and hopes for future collaborations.
DNA Films, Fathom Events, and Operation Underground Railroad are set to premiere the documentary "It's Happening Right Here" on November 3, 2022, highlighting the pervasive issue of child sex trafficking across the U.S. The film features interviews with law enforcement, NGO experts, and survivors, aiming to raise awareness and provide preventative tools. Current statistics reveal nearly 28 million individuals are subject to forced labor and sexual exploitation globally, including 3.3 million children. The documentary showcases the urgent need for action against these crimes.
National CineMedia (NCM) has announced an expansion of its network by partnering with VIP Cinemas to secure 800 screens and approximately 16.5 million annual attendees. The family-owned chain, with theaters across eight states, aims to enhance revenues post-COVID-19. NCM is also renewing agreements with 10 additional exhibitors, emphasizing their commitment to delivering engaging content and advertising. The fourth quarter of 2022 will feature major film releases, potentially boosting NCM's audience engagement and advertising revenue further.
The Fathom Events Fright Fest returns this October, showcasing iconic horror films nationwide. Highlights include a double feature of The Mummy (1932) and The Bride of Frankenstein (1935) on October 1, and Scream 2 (1997) for its 25th Anniversary on October 9 and 10. The fest also features Bram Stoker's Dracula (1992) on October 23 and 25, alongside a special presentation of Frankenstein (2011) on October 25. Tickets are available at FathomEvents.com.
Fathom Events presents FIRST RESPONDERS, a film highlighting the struggles of emergency personnel with PTSD. Premiering for two nights on October 24 and 25, 2022, this movie aims to facilitate conversations around healing and support for first responders. The film, featuring trauma therapist Karen Williams, portrays her challenges in aiding her firefighter husband after a traumatic incident. Directed by Stephan Schultze and produced in collaboration with Liberty University, it stars actors like Cameron Arnett and Karen Boles.
Sight & Sound has announced its first feature film, I Heard The Bells, set to hit theaters on December 1, 3, and 4, 2022. This film, which explores the life of poet Henry Wadsworth Longfellow during the Civil War, highlights themes of grief, redemption, and faith. Director Josh Enck emphasized its importance in illustrating historical figures influenced by Christ. In partnership with Fathom Events, the film will include a post-show discussion with the cast and director. Tickets can be purchased through Fathom Events or theater box offices.
Patterns of Evidence announces the release of its sixth film, PATTERNS OF EVIDENCE: JOURNEY TO MOUNT SINAI, set for a two-night theatrical event on October 17 and 18, 2022.
This film explores the search for the true location of Mount Sinai, guided by filmmaker Tim Mahoney. Viewers can engage interactively by using a free Mount Sinai Scorecard during the film. This initiative aims to enhance audience involvement in assessing biblical evidence.
The film is distributed by Fathom Events and will be available in theaters nationwide.
Fathom Events and Sonovision announce the theatrical release of SAINT MICHAEL: MEET THE ANGEL for one night on September 29, 2022. This documentary explores the life of Archangel Michael, featuring testimonials, Church history, and art. It is the first of its kind in theaters and is part of The Saint Series, showcasing stories of everyday saints. Tickets are available on FathomEvents.com. The film includes a bonus feature with expert commentary on the importance of angels.
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