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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 (NCMI) will participate in the Bank of America Securities Leveraged Finance Conference on November 30 - December 1, 2021. CEO Tom Lesinski and CFO Ronnie Ng are scheduled to present on November 30 at 4:30 PM EST and will be available for one-on-one meetings with investors during the conference. NCM operates the largest cinema advertising network in the U.S., with a presence in over 1,600 theaters and reaching audiences through its Noovie pre-show in collaboration with major theater chains like AMC and Cinemark.
AMC Entertainment has announced a limited promotion offering up to 86,000 Spider-Man NFTs for members of its AMC Stubs Premiere, A-List, and Investor Connect who purchase tickets for SPIDER-MAN: NO WAY HOME on December 16, 2021. This initiative marks AMC's first NFT promotion in collaboration with Sony Pictures. NFTs are expected to be available for a short time, with ticket sales commencing on November 29. Codes for the NFTs will be emailed on December 22, and redemption must occur by March 1, 2022.
Dreamscape, an immersive virtual reality company, is set to launch its next venue at AMC Garden State in Paramus, New Jersey on November 19, 2021. This venue marks the company's east coast debut and offers three popular VR experiences, including Alien Zoo and DreamWorks Dragons: Flight Academy. Adam Aron, CEO of AMC, emphasized the partnership's goal to enhance entertainment offerings. The venue aims to attract audiences from the New Jersey and New York metro area, contributing to Dreamscape's ongoing expansion across the U.S. and internationally.
National CineMedia (NCM) has partnered with NuTime Media to form specialized cinema advertising networks targeting African-American and Hispanic audiences. This initiative combines NCM's cinema reach with NuTime's expertise, allowing marketers to access diverse consumer groups effectively. NCM’s Black Cinema Network will serve 393 theaters and 5,400 screens, reaching 11.4 million viewers monthly, while the Hispanic Cinema Network spans 449 theaters and 6,000 screens, targeting 15.4 million viewers. This collaboration aims to capitalize on the rising spending power of these demographics.
AMC Entertainment Holdings reported its third-quarter results for the period ending September 30, 2021. As the largest movie exhibition company globally, AMC continues to innovate within the industry with features like power-recliner seats and enhanced food choices. The company will hold a live webcast for investors on November 8, 2021, at 4:00 p.m. CST. Investors can access the results and webcast details on the AMC Investor Relations website.
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.
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