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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 Theatres announces its ambitious AMC's Go Plan, a strategic investment of $1-1.5 billion over 4-7 years to enhance movie-going experiences across US and European locations. The plan focuses on expanding Premium Large Format (PLF), Extra Large Format (XLF), and Laser technologies. Key initiatives include increasing IMAX with Laser installations from 42 to potentially two-thirds of 223 global IMAX locations, expanding PRIME at AMC venues from 31 to up to 100, and doubling or tripling the current 2,137 Laser at AMC auditoriums. The plan also includes deploying 200-250 new XL at AMC auditoriums with 40-feet-wide screens and 4K laser projection.
AMC Theatres has announced the launch of XL at AMC, a new initiative to highlight their extra-large screen experiences. Following successful testing at 68 ODEON Cinemas in Europe, AMC plans to roll out XL screens in 50-100 U.S. locations by the end of 2025, eventually expanding to 200-250 locations. XL at AMC will feature screens at least 40 feet wide with 4K laser projection, branded entries, and clear online showtime designations. The initiative aims to meet increasing demand for larger screens and provide more programming flexibility for multiple blockbusters in theatres with Premium Large Format screens.
AMC Entertainment Holdings, Inc. (NYSE: AMC) reported its third quarter 2024 results. Key highlights include:
- Financial performance metrics for the quarter ended September 30, 2024.
- Details available on AMC’s Investor Relations website.
- A live webcast for investors on November 6, 2024, at 4:00 PM CST/5:00 PM EST.
- Webcast archive will be available on the Company’s website post-event.
National CineMedia (NCMI) reported Q3 2024 revenue of $62.4 million, a 10.3% decrease from $69.6 million in Q3 2023. Operating loss improved to $7.5 million from $150.7 million year-over-year. Adjusted OIBDA decreased to $8.8 million from $11.3 million. The company's scatter revenue grew 35% year-over-year, with premium Platinum offering more than doubling. For Q4 2024, NCM expects revenue between $82.0-86.0 million and Adjusted OIBDA of $28.0-30.0 million.
National CineMedia (NASDAQ: NCMI), the operator of the largest cinema advertising platform in the U.S., announced it will release its third quarter 2024 earnings results after market close on November 5, 2024. The company will host a conference call and audio webcast at 5:00 p.m. Eastern Time. The call will be accessible via phone at (844) 481-2522 for domestic and (412) 317-0550 for international participants. A replay will be available until November 19, 2024, and can be accessed through the company's website or by phone.
AMC Entertainment Holdings (NYSE: AMC) has announced it will report its third quarter 2024 financial results on Wednesday, November 6, 2024, after market close. The company will host an earnings webcast through its Investor Relations website, taking questions from both AMC Investor Connect members and equity research analysts.
Stockholders can submit questions from October 29 to November 5, 2024, through the AMC Investor Connect platform. The webcast will begin at 4:00 PM CST/5:00 PM EST, with an archive available for a time afterward.
Amcor (NYSE: AMCR; ASX: AMC) released its 2024 Sustainability Report, showcasing significant achievements and progress. Key highlights include:
- Safest year on record
- 94% of flexible packaging portfolio has recycle-ready solutions
- 95% of rigid packaging is recyclable in practice and at scale
- Surpassed 10% post-consumer recycled plastic goal one year early
- Purchased over 254,000 metric tons of recycled material
- 9% reduction in absolute greenhouse gas emissions compared to FY23
- 14% of electricity used was renewable, a 64% increase from previous year
Amcor's short-term and net-zero targets have been approved by the Science Based Targets initiative. The company published a Decarbonization Roadmap outlining its approach to reach net-zero by 2050. Amcor emphasizes the need for consumer participation and infrastructure development to achieve true circularity in packaging.
Amcor (NYSE: AMCR) has issued a correction to its 2024 Sustainability Report regarding post-consumer recycled (PCR) plastic usage. The company clarified it is on track to reach its 10% PCR plastics goal by fiscal year 2025, rather than having already achieved it. The report highlights significant sustainability achievements, including:
- Over 94% of flexible packaging portfolio has recycle-ready solutions
- 95% of rigid packaging is recyclable in practice
- 9% reduction in absolute greenhouse gas emissions vs FY23
- 14% renewable electricity usage (64% increase from previous year)
- Purchase of 224,000+ metric tons of recycled material
The company's net-zero targets have been approved by the Science Based Targets initiative, and they published a Decarbonization Roadmap outlining their path to net-zero by 2050.
LAIKA's Coraline is set for a special Halloween engagement starting October 31st, following its successful summer re-release that grossed over $53M globally. The film will be shown in remastered 3D and 2D formats in partnership with Fathom in the US and Trafalgar Releasing internationally.
The re-release has broken several records, including:
- Highest lifetime US gross for a stop-motion animated feature
- Highest-grossing re-release in the US in the past decade
- Highest-grossing release in Fathom's 20-year history
- Highest-grossing re-release in the UK and Mexico in recent years
Tickets for the Halloween engagement go on sale October 4th. The screenings will include an early glimpse of LAIKA's upcoming film, Wildwood.
Amcor (NYSE: AMCR, ASX: AMC), a global leader in responsible packaging solutions, has announced that its long-term carbon reduction targets have been approved by the Science Based Targets initiative (SBTi). The company aims to achieve net-zero greenhouse gas emissions across its value chain by 2050. This goal includes significant absolute reductions in scope 1, 2, and 3 emissions, using fiscal year 2022 as a base year.
The approval complements Amcor's near-term emission reduction targets, confirmed in early 2024, which align with a 1.5-degree Celsius trajectory. These near-term targets aim for a 54.6% reduction in absolute Scope 1 and 2 emissions and a 32.5% reduction in Scope 3 emissions by fiscal year 2033.
Amcor's Chief Sustainability Officer, David Clark, emphasized that these targets are integral to the company's sustainability strategy and reflect their commitment to delivering packaging that minimizes environmental impact while supporting customers' decarbonization ambitions.
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