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.
Fathom Events reported a significant milestone by grossing over $3.2 million at the US box office in a single week, marking its first multi-million sales week since the onset of COVID-19. Key films contributing to this success include God's Not Dead: We The People with $1.2 million, Studio Ghibli Fest 2021: Spirited Away at $865,000, and After We Fell grossing $842,000. CEO Ray Nutt expressed excitement over consumers returning to theaters, highlighting Fathom's unique entertainment offerings.
AMC Entertainment achieved a new post-reopening record with approximately
AMC Entertainment Holdings has repurchased $35 million of its high-cost 15% cash / 17% payment-in-kind Toggle First Lien Secured Notes due 2026, for a total cost of $41.3 million. This move will reduce AMC's annual interest expenses by $5.25 million. CEO Adam Aron emphasized this repurchase as part of a broader strategy to enhance liquidity and reduce deferred rent obligations, while also improving operational results. AMC's innovative offerings include alternative content, cryptocurrency acceptance, and a major marketing campaign, signaling confidence in a robust movie slate ahead.
Getty Music has released a new music video for Keith and Kristyn Getty's rendition of the hymn "It Is Well With My Soul." This song supports the upcoming film "Sabina: Tortured for Christ, the Nazi Years," premiering in theaters on Nov. 8, 9, and 10, 2021. The film highlights the true story of Sabina Wurmbrand, a Jewish Christian who offered kindness to her enemies during WWII. The song, featured in their upcoming album, will be showcased at events like the Getty Family Hymn Sing and Global Hymn Sing.
CENTENNIAL, Colo.--National CineMedia, Inc. (NASDAQ: NCMI) has appointed Ronnie Y. Ng as CFO effective September 27, 2021. Ng brings over 20 years of finance and investment banking experience, previously serving as CFO at Allen Media Group. NCM CEO Tom Lesinski highlighted Ng's expertise as essential for navigating the recovery of the movie industry. NCM is the largest cinema advertising network in the U.S., reaching over 20,600 screens and 1,600 theaters. The appointment aligns with NCM's strategic initiatives and growth in cinema advertising.
AMC Theatres reported a remarkable attendance increase during
National CineMedia (NCMI) has announced the return of Maria Woods as Executive Vice President and General Counsel. Woods, who previously held key positions at NCM, will report to CEO Tom Lesinski and will be based in Denver. With over 25 years of legal experience, she returns from JumpCloud, where she served as General Counsel. Her background includes managing complex financial transactions and corporate governance. NCM is the largest cinema advertising network in the U.S., partnering with major theater circuits like AMC and Cinemark.
Fathom Events will release the film "Sabina: Tortured for Christ, the Nazi Years" in theaters from Nov. 8-10, 2021. This true story follows Sabina Wurmbrand and her husband Richard, co-founders of The Voice of the Martyrs, depicting her bravery during WWII as a Jewish Christian risking her life for others. The film highlights themes of faith, forgiveness, and religious persecution. It has received accolades including Best Feature at the Christian Worldview Filmmakers Guild and will offer a unique perspective on historical events and personal faith journeys.
National CineMedia (NCMI) has appointed Amy Tunick as its first Chief Marketing Officer (CMO). Tunick will lead the integrated marketing team, focusing on brand strategy, consumer marketing, and public relations. Her experience spans over two decades in media and marketing with notable companies like WarnerMedia, where she directed campaigns for CNN. Tunick aims to drive growth as audiences return to theaters post-COVID-19. NCMI, the largest cinema advertising network in the U.S., operates across 51 theater circuits including AMC and Cinemark.
FAQ
What is the current stock price of AMC ENTERTAINMENT HOLDINGS (AMC)?
What is the market cap of AMC ENTERTAINMENT HOLDINGS (AMC)?
What does AMC Entertainment Holdings, Inc. do?
What are some of AMC's recent innovations?
How has AMC performed financially recently?
What is the AMC Stubs program?
What is AMC Theatres Distribution?
Does AMC offer any special programs for families or kids?
What safety measures does AMC have in place for guests?
How can I join AMC Stubs A-List?
What types of amenities do AMC theatres offer?