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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, Inc. (NCMI) reports significant recovery in Q2 2022, with total revenue soaring 379.3% to $67.1 million, surpassing consensus estimates. Operating income improved to $5.6 million from a loss of $29.6 million year-on-year. Adjusted OIBDA turned positive at $15.1 million, compared to a negative $18.7 million in Q2 2021. While net loss narrowed to $0.7 million, the company anticipates continued growth, projecting Q3 revenue between $53.0 million and $57.0 million, and aiming for full-year revenue of $265.0 million to $285.0 million.
AMC Entertainment Holdings, Inc. (NYSE: AMC) released its financial results for Q2 2022, ending June 30. The company is recognized as the largest movie exhibition firm globally, with around 950 theatres and 10,500 screens. AMC continues to innovate with power-recliner seating and enhanced food options.
A live webcast for investors is scheduled for August 4, 2022, at 4:00 p.m. CDT. To learn more about the company's performance, visit the investor relations section on their website.
AMC Entertainment has declared a special dividend of one AMC Preferred Equity unit for each share of AMC Class A common stock outstanding as of August 15, 2022. The dividend will be paid by August 19, 2022, and the Preferred Equity Units are set to start trading on the NYSE under the symbol 'APE' on August 22, 2022. CEO Adam Aron emphasized this action as a significant step to strengthen the company long-term, reducing survival risks, and enhancing future investment opportunities. Each unit can convert into common stock if shareholders approve a related amendment.
Fathom Events reintroduces classic B-movie commentary with RiffTrax Live: The Return of Swamp Thing, featuring Michael J. Nelson, Kevin Murphy, and Bill Corbett. The event, occurring for one night on August 18, 2022, invites audiences to enjoy comedic riffs on this cult classic sequel. Tickets are available through Fathom Events and participating theaters. Since 2009, the RiffTrax partnership with Fathom has successfully screened 33 titles, selling over 1.2 million tickets and grossing $14.6 million.
National CineMedia, Inc. (NASDAQ: NCMI) will announce its fiscal Q2 2022 earnings on August 8, 2022, post-market close. Following the release, a conference call is scheduled for 5:00 p.m. Eastern Time. The call can be accessed at (888) 220-8451, and a live audio webcast will be available on the company's website. The earnings release will highlight NCM's position as the largest cinema advertising network in the U.S., with a 47.4% ownership in NCM LLC.
Fathom Events, in partnership with LAIKA and Park Circus, is re-releasing the beloved animated film Coraline for one night only on August 15. This special event features a behind-the-scenes featurette titled "Coraline: A Handmade Fairytale". The 2009 film, directed by Henry Selick and based on Neil Gaiman's novella, presents a thrilling adventure as a young girl navigates a parallel reality. Tickets are currently available online and at participating theaters. Fathom Events is a leader in cinema distribution, including ownership by major companies like AMC and Cinemark.
Kathie Lee Gifford is set to bring her latest musical production, THE WAY, to theaters nationwide on September 1. This special event showcases a modern interpretation of key Biblical stories through orchestral arrangements and narration, featuring artists like Nicole C. Mullen and Danny Gokey. Gifford aims to revive interest in these ancient narratives among younger audiences. Tickets are available online and at theater box offices. Additionally, a companion book titled The God of the Way will be released on August 30, 2022.
The Met: Live in HD kicks off its 2022-23 season on October 22, featuring ten live cinema broadcasts from the Metropolitan Opera. This season showcases the world premiere of The Hours, company premieres of Champion and Medea, alongside four new productions. Star performances include talents like Sondra Radvanovsky and Renée Fleming. Encore screenings will follow each live transmission. This initiative makes opera accessible, with over 29.4 million tickets sold to date. The season's complete schedule is available now.
The feature film SLAVES AND KINGS, directed by Pablo Moreno, will be released in theaters on August 22 and 23, 2022. The movie tells the story of Saint Anthony Mary Claret, a renowned Spanish archbishop and missionary, highlighting his efforts against slavery and his commitment to education. Filmmakers have included bonus content for audiences to explore Claret's life further. Tickets can be purchased through Fathom Events and participating theater box offices.
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