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AMC ENTERTAINMENT HOLDINGS, INC. - AMC STOCK NEWS

Welcome to our dedicated page for AMC ENTERTAINMENT HOLDINGS news (Ticker: AMC), a resource for investors and traders seeking the latest updates and insights on AMC ENTERTAINMENT HOLDINGS stock.

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.

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AMC Entertainment Holdings, Inc. (NYSE: AMC) announced the repurchase of approximately $72.5 million of its 10% Second Lien Subordinated Secured Notes due 2026 for $50 million, a 31% discount to face value. This strategic move will reduce AMC's annual interest costs by $7.25 million. CEO Adam Aron expressed gratitude for shareholder support that facilitated this buyback, indicating it as a step in their recovery strategy to strengthen the balance sheet and enhance shareholder value.

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AMC Theatres reported its busiest weekend in 2022 from July 7 to July 10, with over 5.9 million attendees.

Global admissions revenue exceeded the same weekend in 2019 by approximately 12%, driven by blockbusters like THOR: LOVE AND THUNDER and other popular titles.

Domestically, admissions revenue grew by an estimated 14% compared to 2019. AMC's re-launched $5 Discount Tuesday program continues to attract moviegoers.

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National CineMedia (NCMI) has expanded its NCMxTM data intelligence platform through partnerships with Neustar and ElementalTV. This update introduces shoppable ads and enhanced marketing analytics, allowing advertisers to optimize campaigns in real-time. With access to over 600 million moviegoers and a substantial data set of 274 million records, the platform aims to boost conversions and engagement for cinema advertisers. The collaboration is positioned to enhance the advertising capabilities of NCM as it transitions into a data-driven media entity.

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AMC Entertainment Holdings (NYSE: AMC) will announce its second quarter results for the period ending June 30, 2022, on August 4, 2022, after market close. A webcast will follow at 4:00 p.m. CDT (5:00 p.m. EDT) where questions can be submitted by investors and analysts. AMC operates approximately 950 theatres globally, offering unique experiences through enhanced seating and food options. Investors are encouraged to register for the webcast beforehand.

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AMC Theatres has introduced Discount Tuesdays, offering movies at just $5 plus tax at all U.S. locations through October. To participate, guests must be members of the AMC Stubs program, including the free AMC Stubs Insider membership. Additional value options include matinee pricing before 4 p.m. or 5 p.m., and the AMC Stubs A-List program, allowing up to three movies weekly for a monthly fee. Members can also earn rewards with AMC Stubs Premiere.

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Boxlight Corporation (Nasdaq: BOXL) announces the appointment of Greg Wiggins as its new Chief Financial Officer effective July 5, 2022. He will replace Patrick Foley, who is stepping down for personal reasons but will assist in the transition until July 29, 2022. Wiggins brings over 15 years of corporate finance experience, previously serving as CFO at Mitch Cox Companies and Assurance Director at BDO USA, LLP. CEO Michael Pope praised Wiggins' expertise, stating he will significantly contribute to the company's growth.

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AMC Theatres reported a significant increase in global admissions revenue, surpassing the same weekend in 2019 by more than 15%. Over 4.9 million guests attended AMC locations from June 9-12, making it the second busiest weekend of 2022. The success was driven by blockbuster films like JURASSIC WORLD DOMINION and TOP GUN: MAVERICK. Upcoming movie releases, including LIGHTYEAR, are expected to further fuel attendance and revenues, indicating a strong recovery for the theatrical box office.

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Hollywood.com has launched a new mobile app aimed at enhancing the ticket purchasing experience for AMC Theatres® (NYSE:AMC) across the U.S. The app allows users to easily compare movies, showtimes, and seating options before making a purchase. AMC, the largest theatrical exhibitor globally, leverages this innovation to cater to movie enthusiasts. Notably, the app includes 24/7 customer support and plans to integrate AMC's loyalty program, AMC Stubs. This launch coincides with a strong movie slate, aimed at boosting engagement in the entertainment sector.

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LIFEMARK, a faith-based film from the Kendrick Brothers and Kirk Cameron Entertainment, premieres in theaters nationwide for a limited seven-day run starting September 9, 2022. Based on the true story depicted in the documentary 'I Lived On Parker Avenue,' the film follows a young man's journey to meet his birth parents, showcasing themes of adoption and reconciliation. The cast includes well-known actors such as Kirk Cameron and Alex Kendrick. Executive Producer Stephen Kendrick emphasizes the film's inspirational nature, aiming to engage audiences and encourage support for adoption.

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FAQ

What is the current stock price of AMC ENTERTAINMENT HOLDINGS (AMC)?

The current stock price of AMC ENTERTAINMENT HOLDINGS (AMC) is $4.06 as of December 24, 2024.

What is the market cap of AMC ENTERTAINMENT HOLDINGS (AMC)?

The market cap of AMC ENTERTAINMENT HOLDINGS (AMC) is approximately 1.5B.

What does AMC Entertainment Holdings, Inc. do?

AMC operates approximately 900 theatres and 10,000 screens globally, offering premium movie experiences and amenities.

What are some of AMC's recent innovations?

AMC has introduced AMC Theatres Distribution, AMC Stubs rewards program, and AMC Dine-In Theatres, among others.

How has AMC performed financially recently?

In Q1 2024, AMC reported total revenues of approximately $951.4 million.

What is the AMC Stubs program?

AMC Stubs is a loyalty program that offers members various benefits, including discounts, rewards, and special offers.

What is AMC Theatres Distribution?

Launched in 2023, AMC Theatres Distribution has released successful films like TAYLOR SWIFT | THE ERAS TOUR and RENAISSANCE: A FILM BY BEYONCÉ.

Does AMC offer any special programs for families or kids?

Yes, AMC’s Summer Movie Camp offers affordable family-friendly movies for just $3 plus tax per ticket.

What safety measures does AMC have in place for guests?

AMC has stringent sanitation protocols and has implemented various safety measures to ensure a safe movie-going experience.

How can I join AMC Stubs A-List?

You can join AMC Stubs A-List through the AMC website or mobile app, which allows you to see up to 3 movies per week.

What types of amenities do AMC theatres offer?

AMC theatres offer amenities such as plush, power recliners, MacGuffins full bars, dine-in theatres, and premium large format presentations.

Where can I find more information about AMC’s financial performance?

Detailed financial performance information can be found in AMC’s Investor Relations section of their website.

AMC ENTERTAINMENT HOLDINGS, INC.

NYSE:AMC

AMC Rankings

AMC Stock Data

1.55B
374.58M
0.27%
43.03%
13.26%
Entertainment
Services-motion Picture Theaters
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United States of America
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