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AMC Entertainment Holdings, Inc. reports developments in theatrical exhibition, including operating results, box office attendance, film-release performance and activity across its AMC Theatres and ODEON Cinemas networks. The company operates theatres in the United States and Europe and describes revenue drivers tied to Hollywood releases, independent programming, premium large-format experiences, food and beverage offerings, loyalty and subscription programs, websites and mobile apps.
AMC news also covers alternative and live-event programming, including interactive concert formats hosted in AMC auditoriums, as well as capital-structure actions involving subsidiaries such as Odeon Finco PLC and Muvico, LLC. Recurring corporate updates include earnings webcasts, debt refinancing, exchangeable-note activity and equity-related transactions.
National CineMedia (NCMI) and Spotlight Cinema Networks have announced a strategic collaboration called the Elevate Cinema Network. This partnership combines nearly 1,500 NCM screens with 1,200 Spotlight screens, expanding advertising access to a total of 2,700 premium screens. The network aims to target an upscale audience, significantly enhancing reach for advertisers in cinema advertising, which boasts high engagement rates. This collaboration is set to benefit exhibitors through increased revenue opportunities, enhancing the cinema advertising landscape.
Odeon Finco PLC has priced a private offering of $400 million in 12.750% senior secured notes due 2027 at an issue price of 92.00%. The proceeds will be used to repay OCGL's existing $506 million term loan facilities as of June 30, 2022. The offering is set to close around October 20, 2022, and the notes will be guaranteed by OCGL and some of its subsidiaries, as well as on an unsecured basis by AMC. The notes will not be registered under the Securities Act and are offered primarily to qualified institutional buyers.
Odeon Finco PLC has initiated a private offering of $400 million in senior secured notes due 2027, guaranteed by Odeon Cinemas Group Limited and AMC Entertainment Holdings, Inc. The funds will be used to repay existing loan facilities and cover associated expenses. These notes are targeted at qualified institutional buyers and will not be registered under the Securities Act. The offering aims to stabilize the company's financial position amidst a challenging market environment. The notes are expected to be listed on the International Stock Exchange.
AMC Theatres has entered its first agreement with Netflix to screen GLASS ONION: A KNIVES OUT MYSTERY from November 23-29. This event marks a significant collaboration, enabling the film to be shown at over 200 locations in the U.S. and in select Odeon cinemas across the UK, Ireland, Italy, Germany, and Spain. Tickets will be available starting October 10. AMC's CEO, Adam Aron, stated that this partnership reflects the coexistence of theaters and streaming services and hopes for future collaborations.
DNA Films, Fathom Events, and Operation Underground Railroad are set to premiere the documentary "It's Happening Right Here" on November 3, 2022, highlighting the pervasive issue of child sex trafficking across the U.S. The film features interviews with law enforcement, NGO experts, and survivors, aiming to raise awareness and provide preventative tools. Current statistics reveal nearly 28 million individuals are subject to forced labor and sexual exploitation globally, including 3.3 million children. The documentary showcases the urgent need for action against these crimes.
National CineMedia (NCM) has announced an expansion of its network by partnering with VIP Cinemas to secure 800 screens and approximately 16.5 million annual attendees. The family-owned chain, with theaters across eight states, aims to enhance revenues post-COVID-19. NCM is also renewing agreements with 10 additional exhibitors, emphasizing their commitment to delivering engaging content and advertising. The fourth quarter of 2022 will feature major film releases, potentially boosting NCM's audience engagement and advertising revenue further.
The Fathom Events Fright Fest returns this October, showcasing iconic horror films nationwide. Highlights include a double feature of The Mummy (1932) and The Bride of Frankenstein (1935) on October 1, and Scream 2 (1997) for its 25th Anniversary on October 9 and 10. The fest also features Bram Stoker's Dracula (1992) on October 23 and 25, alongside a special presentation of Frankenstein (2011) on October 25. Tickets are available at FathomEvents.com.
Fathom Events presents FIRST RESPONDERS, a film highlighting the struggles of emergency personnel with PTSD. Premiering for two nights on October 24 and 25, 2022, this movie aims to facilitate conversations around healing and support for first responders. The film, featuring trauma therapist Karen Williams, portrays her challenges in aiding her firefighter husband after a traumatic incident. Directed by Stephan Schultze and produced in collaboration with Liberty University, it stars actors like Cameron Arnett and Karen Boles.
Sight & Sound has announced its first feature film, I Heard The Bells, set to hit theaters on December 1, 3, and 4, 2022. This film, which explores the life of poet Henry Wadsworth Longfellow during the Civil War, highlights themes of grief, redemption, and faith. Director Josh Enck emphasized its importance in illustrating historical figures influenced by Christ. In partnership with Fathom Events, the film will include a post-show discussion with the cast and director. Tickets can be purchased through Fathom Events or theater box offices.
Patterns of Evidence announces the release of its sixth film, PATTERNS OF EVIDENCE: JOURNEY TO MOUNT SINAI, set for a two-night theatrical event on October 17 and 18, 2022.
This film explores the search for the true location of Mount Sinai, guided by filmmaker Tim Mahoney. Viewers can engage interactively by using a free Mount Sinai Scorecard during the film. This initiative aims to enhance audience involvement in assessing biblical evidence.
The film is distributed by Fathom Events and will be available in theaters nationwide.