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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) reported a 428.3% increase in Q3 2021 revenue to $31.7 million, compared to $6.0 million in Q3 2020. Despite this growth, net loss widened to $15.2 million, or $0.19 per diluted share. The company maintained its quarterly cash dividend at $0.05 per share. CEO Tom Lesinski highlighted a resurgence in advertising demand following successful box office performances, indicating a recovery in cinema attendance. However, uncertainties around COVID-19 continue to affect revenue forecasts for the year.
AMC Theatres (NYSE:AMC) is partnering with Disney to host surprise screenings of four fan-favorite films from November 12-14 at over 200 locations in the U.S. Each film, accompanied by a Disney short, will play once per day. Tickets are priced at $5, and attendees will receive an exclusive double-sided Disney+ poster along with a $5 concession offer. This initiative celebrates the second anniversary of Disney+ and marks a strategic collaboration to boost attendance and engagement in theaters, enhancing the movie-going experience for families and fans alike.
AMC Entertainment is expanding its business model to tap into the multi-billion dollar popcorn market. Starting in 2022, AMC will open up to five kiosks and counters in shopping malls, selling its famous AMC Theatres Perfectly Popcorn. Additionally, AMC plans to offer food delivery services for popcorn, takeout 'To Go' packages, and prepackaged microwaveable popcorn available in supermarkets later in the year. This diversification aims to create a new revenue stream while enhancing customer accessibility to their favorite movie snacks.
AMC Theatres (NYSE:AMC) is launching a new reward for its shareholders through AMC Investor Connect, offering a free large popcorn to existing and new participants who sign up by December 31, 2021. This is the second time AMC has provided this incentive, with the previous promotion starting in June 2021. CEO Adam Aron highlighted the program's success, noting 365,000 sign-ups since its inception. Shareholders are encouraged to visit AMC theaters as a slate of major films, including THE ETERNALS and SPIDER-MAN: NO WAY HOME, are set for release in the coming weeks.
AMC Entertainment Holdings, Inc. (NYSE: AMC) will report its third-quarter results for the period ended September 30, 2021, after market close on November 8, 2021. The earnings webcast will occur at 4:00 p.m. CST (5:00 p.m. EST) and will be accessible through AMC's Investor Relations website. Investors are encouraged to sign up for AMC Investor Connect to submit questions for the webcast. AMC operates approximately 950 theatres and 10,500 screens globally, focusing on enhancing moviegoer experiences through innovation.
AMC Entertainment reported that its ticket admission revenues for October 2021 are the highest seen since February 2020, indicating a strong recovery as the domestic box office is projected to outperform previous months. The company, as the largest movie exhibitor in the U.S., noted this increase reflects broader industry trends. Additionally, international locations have also seen record revenues for the same period. Overall, this uptrend suggests a positive trajectory for AMC and the movie exhibition industry post-pandemic.
CHRISTMAS WITH THE CHOSEN: THE MESSENGERS has set a new record by achieving $1.5 million in pre-sale ticket sales within the first 12 hours, surpassing previous records for Fathom Events. The film, which brings to life the nativity story, is slated to premiere on Dec. 1 in over 1,500 theaters across the U.S. The event will also feature performances by notable Christian artists, making it a significant occasion for fans of The Chosen. With this high demand, additional screens and locations are being added to accommodate audience interest.
National CineMedia, Inc. (NASDAQ: NCMI) plans to release its fiscal Q3 2021 earnings on November 8, 2021, after market close, followed by a conference call at 5:00 p.m. ET. The call will be accessible by phone and live audio webcast via their website. NCMI, which holds a 48.2% interest in National CineMedia, LLC, is the largest cinema advertising network in the U.S., reaching audiences through more than 20,800 screens in 1,600 theaters. For further information, visit their Investor Relations page.
Fathom Events is set to present "Dave Hollis: Built Through Courage" on November 17 in theaters nationwide. This one-night event features insights from Hollis, a bestselling author, who shares his journey of resilience and courage. Prominent speakers like Brendon Burchard and Mel Robbins will also contribute. Hollis' new book, Built Through Courage, launches on October 26. Tickets are available at FathomEvents.com and participating theaters.
AMC Theatres is enhancing accessibility by providing open caption showtimes for newly released films at 240 locations across the U.S. This initiative aims to broaden the movie-going audience, especially for those with hearing difficulties or non-native English speakers. Guests can find these showtimes through the AMC website and app. The initiative is part of AMC's strategy to be inclusive, reflecting positive initial consumer responses and anticipated strong demand.
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