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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.
National CineMedia (NCM), the largest cinema advertising network in the U.S., has formed a partnership with iSpot, enhancing its analytics capabilities. This collaboration enables NCM to utilize iSpot's ad catalog and verification across 40 million Smart TVs, allowing for better reporting on audience reach. This integration aims to provide advertisers with comprehensive metrics, covering campaigns across cinema, CTV, and digital platforms. With over 1,650 theaters and 20,600 screens nationwide, NCM can now offer detailed insights on consumer behavior, enhancing its value proposition in the advertising market.
Fathom Events, in collaboration with Kingdom Story Company, WTA Media, and Harvest Ministries, is set to release a documentary titled "Johnny Cash: The Redemption of an American Icon" on December 5, 6, and 7. This film will explore Johnny Cash's life, focusing on his struggles with addiction and inner demons, alongside his journey of redemption. With exclusive access to over 100 unheard tapes, the documentary features insights from notable personalities like Sheryl Crow and Tim McGraw. Tickets are available now.
Rokt has announced partnerships with Uber (NYSE: UBER) and AMC Theatres (NYSE: AMC) to enhance revenue opportunities through its ecommerce technology. The collaboration with Uber will initially focus on Uber Eats in the US, Canada, Australia, and Japan, aiming to bolster revenue at checkout. AMC has begun to see significant revenue gains via Rokt's platform, enhancing customer engagement and lifetime value. Rokt's technology processes billions of transactions, offering tailored experiences that enhance profitability.
AMC Chairman and CEO Adam Aron addressed concerns regarding low admissions anticipated by Cineworld, potentially affecting liquidity. He acknowledged a weak film slate in Q3 2022 but expressed optimism about recovery in Q4 2022 and 2023. AMC boasts over $1 billion in liquidity as of Q2 2022, bolstered by cash raised in 2020 and 2021. The AMC Preferred Equity security is set to trade on the NYSE starting August 22, 2022, enhancing the company's position. AMC remains confident about its future.
SLAVES AND KINGS, the first full-length Catholic feature film from Fathom Events, premieres on August 22 in English and August 23 in Spanish. Directed by Pablo Moreno, the film tells the story of Saint Anthony Mary Claret, focusing on his contributions and challenges in the 1800s. CEO Ray Nutt highlighted this release as a pivotal moment for reaching Catholic audiences. The film features behind-the-scenes content and aims to inspire faith among viewers. Tickets are available for purchase via Fathom Events and participating theaters.
Tickets Are on Sale Now for This Sure-to-be-Historic Bout
On September 17, 2022, boxing icons Saul Canelo Alvarez and Gennadiy 'GGG' Golovkin will face off in Las Vegas for their third match. Fans can experience the event live in over 700 movie theaters nationwide through a partnership between DAZN and Fathom Events. The broadcast starts at 5 p.m. PT, featuring a packed undercard. Canelo, after a recent defeat, will risk his super-middleweight titles in this highly anticipated rubber match. Tickets are available via FathomEvents.com.
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