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AMC Entertainment Holdings, Inc. reports developments in theatrical exhibition, including operating results, box office attendance, film-release performance and activity across its AMC Theatres and ODEON Cinemas networks. The company operates theatres in the United States and Europe and describes revenue drivers tied to Hollywood releases, independent programming, premium large-format experiences, food and beverage offerings, loyalty and subscription programs, websites and mobile apps.
AMC news also covers alternative and live-event programming, including interactive concert formats hosted in AMC auditoriums, as well as capital-structure actions involving subsidiaries such as Odeon Finco PLC and Muvico, LLC. Recurring corporate updates include earnings webcasts, debt refinancing, exchangeable-note activity and equity-related transactions.
Fathom Events has entered a satellite broadcast distribution agreement with Roberts Communications Network (RCN), enhancing its ability to deliver high-quality entertainment to theaters across North America. Fathom, a leader in event cinema, operates in over 1,100 theaters and will leverage RCN's robust infrastructure for secure video distribution. RCN's new facility in Henderson, Nevada, will support this partnership, enabling efficient content delivery. This collaboration aims to meet the rising demand for diverse cinematic experiences, reinforcing Fathom's position in the industry.
AMC Entertainment Holdings has improved its liquidity by raising over $162 million in equity capital through its APE At-The-Market program. The company has repurchased approximately $36 million in debt at an average discount of 61%, reducing total debt by about $180 million for 2022. AMC's estimated liquidity as of December 31, 2022 is between $725 million and $825 million. Additionally, AMC acquired a former Arclight theatre in Boston, consolidating its industry position.
AMC Theatres reported a significant boost in both U.S. and global admissions and food & beverage revenue, outperforming figures from the same weekend in pre-pandemic 2019. This surge was largely driven by the premium format success of AVATAR: THE WAY OF WATER, which accounted for over 70% of box office gross at AMC. Additionally, on the international front, ODEON Cinemas achieved its highest single-day revenue for admissions and food & beverage in 2022. CEO Adam Aron highlighted the film's strong reception and the preference of moviegoers for premium viewing experiences.
Pinkfong Company, known for Baby Shark, is set to release its new cinematic special, Pinkfong Sing-Along Movie 2: Wonderstar Concert, in theaters on January 28 and 29, 2023. This feature-length film, produced by award-winning creators, follows Pinkfong and Hogi as they prepare for a concert. The sequel includes 14 popular Pinkfong songs, including the iconic Baby Shark. Tickets can be bought through Fathom Events or participating theaters. The film aims to provide memorable experiences for families.
AMC Entertainment has announced the launch of the AMC Entertainment Visa Card, set to debut in early 2023. This credit card is exclusive to the theatrical exhibition industry in the U.S., allowing cardholders to earn AMC Stubs rewards points for both movie-related and everyday purchases. New cardholders who spend $50 within three months will receive $50 in AMC Stubs Bonus Bucks. A waitlist has been introduced due to high demand, with participants entered into a sweepstakes for a chance to attend a red-carpet movie premiere with CEO Adam Aron.
Shin Ultraman will debut in U.S. theaters for two nights only, on January 11 with English subtitles and January 12 dubbed in English. The film, produced by Hideaki Anno and directed by Shinji Higuchi, revives the classic superhero first aired in 1966. Set in modern Japan, it introduces Ultraman, who descends to save the planet amid challenges faced by the SSSP Kaiju defense taskforce. Tickets are available through Fathom Events and participating theaters.
Angel Studios' The Chosen has achieved a significant milestone, grossing over $14.4 million at the U.S. box office, marking Fathom Events' highest-grossing event ever. This achievement highlights the show's popularity, selling more than 1.2 million tickets since its premiere on November 18, 2022. The event was so successful that it was extended until December 8, 2022. Fathom Events' CEO noted the addition of over 400 theater affiliates, emphasizing the demand for premium event cinema.
GKIDS and Fathom Events are set to screen the final installment of the EVANGELION film series in U.S. theaters on December 6, 8, and 11. This marks the first North American showing of EVANGELION:3.0+1.01 THRICE UPON A TIME, originally released in Japan in 2021, where it grossed ¥10.28 billion (approximately $85 million). The event showcases the conclusion of the iconic saga created by Hideaki Anno, which has been a significant part of animation history since 1995.
Fathom Events and the Metropolitan Opera have renewed their partnership to continue the Live in HD series through the 2025-26 season, marking two decades of collaboration. This series has brought performances from the Met to over 725 theaters, attracting an estimated 580,000 audience members annually and generating over $205 million in revenue. The upcoming season highlights include the world premiere of The Hours on December 10, 2022, and several new productions. The program emphasizes the role of live performances in revitalizing theater attendance post-COVID.
Fathom Events announces the theatrical release of LEFT BEHIND: RISE OF THE ANTICHRIST starting January 26. This film features actors like Kevin Sorbo and is based on the acclaimed book series, which has sold over 80 million copies. The sequel aims to engage a new audience by addressing current events from a biblical perspective. The original LEFT BEHIND film grossed over $30 million worldwide.
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