Amc Entmt Hldgs Inc Stock Price, News & Analysis

The feature film SLAVES AND KINGS, directed by Pablo Moreno, will be released in theaters on August 22 and 23, 2022. The movie tells the story of Saint Anthony Mary Claret, a renowned Spanish archbishop and missionary, highlighting his efforts against slavery and his commitment to education. Filmmakers have included bonus content for audiences to explore Claret's life further. Tickets can be purchased through Fathom Events and participating theater box offices.

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.

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.

National CineMedia (NCMI) has expanded its NCMx^TM 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.

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.

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.

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.

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.