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AMC ENTERTAINMENT HOLDINGS, INC. - AMC STOCK NEWS

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.

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AMC Theatres has partnered with Whip Media to enhance its AMC Theatres On Demand video service. This collaboration will streamline the management of the video-on-demand (VOD) supply chain, providing a comprehensive online infrastructure. With access to over 5,000 movies from major studios and independent distributors, AMC aims to improve the experience for its AMC Stubs members. Nikkole Denson-Randolph, VP of Content Strategy at AMC, highlighted the partnership's role in driving growth and efficiency.

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National CineMedia (NCM), the largest cinema advertising network in the U.S., announced the appointment of Daniel Hahn as Senior Vice President of East Coast Sales, effective September 1. Based in New York, Hahn will focus on enhancing sales strategy and revenue growth for NCM's on-screen and integrated advertising. He brings extensive experience from Adobe and Discovery, well-suited for boosting advertising revenue as cinema audiences rebound this summer.

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AMC Entertainment Holdings, Inc. (NYSE: AMC) reported its second quarter results for the period ending June 30, 2021. The results highlight AMC's position as the largest movie exhibition company globally, operating approximately 950 theatres and 10,500 screens. The company continues to innovate within the industry, introducing features like power-recliner seats and enhanced food options. Investors can access the full financial results on AMC's Investor Relations website, with a live webcast scheduled for August 9, 2021, at 4:00 p.m. CDT.

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The third installment of the popular franchise, After We Fell, is set to debut in U.S. theaters on September 30, 2021. Starring Josephine Langford and Hero Fiennes Tiffin, this film follows the tumultuous romance between Tessa and Hardin as they face significant life changes. Tickets will be available for purchase beginning August 6, 2021. Directed by Castille Landon and based on Anna Todd's best-selling series, the film follows the couple as they navigate complex emotions and life choices.

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AMC Entertainment Holdings, Inc. will report its Q2 2021 results on August 9, 2021, after market close. The company has partnered with Say Technologies to engage its 4 million retail investors, offering an online platform for submitting questions prior to the earnings webcast. Management will address strategic priorities and financial position, but will not discuss trading volatility of AMC stock due to legal constraints. The earnings webcast is set for 4:00 p.m. CDT and will be accessible on AMC's Investor Relations website.

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AMC Entertainment Holdings, Inc. (NYSE:AMC) has appointed Adam Aron, who has been CEO since 2016, as the Chairman of the Board, continuing his dual role. The Board has also appointed Ambassador Philip Lader as Lead Director. Aron's leadership has driven AMC's growth, particularly during the challenges posed by the COVID-19 pandemic. The changes follow the resignations of Lin Zhang and Mao Jun Zeng from the Board, both from Wanda Group. AMC operates approximately 950 theatres and 10,500 screens globally, emphasizing innovation in movie exhibition.

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AMC Entertainment Holdings has signed a long-term lease with Caruso for two prominent Los Angeles area theatres: The Grove Theatre and The Americana at Brand Theatre. Both locations have been closed due to the COVID-19 pandemic but are expected to reopen in August. The Grove was the second highest-grossing theatre in 2018, while Americana ranked fifth. AMC plans to enhance the movie-going experience by renovating auditoriums and introducing premium formats like IMAX and Dolby Cinema. CEO Adam Aron emphasized the importance of these locations in the movie industry.

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Fathom Events, in partnership with LAIKA, Shout! Factory, and Park Circus, is re-releasing CORALINE and PARANORMAN in theaters to celebrate LAIKA's 15th anniversary. CORALINE will return on August 24 with tickets available from July 16, while PARANORMAN follows on November 16, with tickets starting August 13. Both films will include exclusive bonus content showcasing LAIKA's creative process. This initiative aims to bring these beloved movies back to both existing fans and new audiences.

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AMC Theatres (NYSE:AMC) has achieved a new milestone by breaking its previous post-reopening weekend attendance records, for the second time in three weekends. Approximately 3.2 million guests attended AMC theatres in the U.S. and internationally between July 8 and June 11. This surge in attendance was driven by the success of BLACK WIDOW, which opened to an estimated $80 million in the U.S. and Canada. Notably, AMC dominated the box office, with eight of the top ten busiest theatres being AMC locations.

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FAQ

What is the current stock price of AMC ENTERTAINMENT HOLDINGS (AMC)?

The current stock price of AMC ENTERTAINMENT HOLDINGS (AMC) is $4.18 as of December 20, 2024.

What is the market cap of AMC ENTERTAINMENT HOLDINGS (AMC)?

The market cap of AMC ENTERTAINMENT HOLDINGS (AMC) is approximately 1.6B.

What does AMC Entertainment Holdings, Inc. do?

AMC operates approximately 900 theatres and 10,000 screens globally, offering premium movie experiences and amenities.

What are some of AMC's recent innovations?

AMC has introduced AMC Theatres Distribution, AMC Stubs rewards program, and AMC Dine-In Theatres, among others.

How has AMC performed financially recently?

In Q1 2024, AMC reported total revenues of approximately $951.4 million.

What is the AMC Stubs program?

AMC Stubs is a loyalty program that offers members various benefits, including discounts, rewards, and special offers.

What is AMC Theatres Distribution?

Launched in 2023, AMC Theatres Distribution has released successful films like TAYLOR SWIFT | THE ERAS TOUR and RENAISSANCE: A FILM BY BEYONCÉ.

Does AMC offer any special programs for families or kids?

Yes, AMC’s Summer Movie Camp offers affordable family-friendly movies for just $3 plus tax per ticket.

What safety measures does AMC have in place for guests?

AMC has stringent sanitation protocols and has implemented various safety measures to ensure a safe movie-going experience.

How can I join AMC Stubs A-List?

You can join AMC Stubs A-List through the AMC website or mobile app, which allows you to see up to 3 movies per week.

What types of amenities do AMC theatres offer?

AMC theatres offer amenities such as plush, power recliners, MacGuffins full bars, dine-in theatres, and premium large format presentations.

Where can I find more information about AMC’s financial performance?

Detailed financial performance information can be found in AMC’s Investor Relations section of their website.

AMC ENTERTAINMENT HOLDINGS, INC.

NYSE:AMC

AMC Rankings

AMC Stock Data

1.56B
374.58M
0.27%
43.03%
13.26%
Entertainment
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