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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.
AMC Entertainment Holdings, Inc. (NYSE:AMC) has elected Marcus Glover to its Board of Directors, effective September 12, 2024. Glover will serve as a Class 1 director with a term expiring at the 2027 Annual Meeting of Stockholders. He brings extensive financial, operational, and management experience to the board, including his current role as Executive Vice President and CFO of Bally's
Glover's background includes leadership positions in the hospitality and gaming industries, with roles at QPSI , Borgata Hotel, Casino & Spa, and Caesars Entertainment. He holds an MBA from Duke University and a BA in Business Administration from Morehouse College. AMC's CEO, Adam Aron, praised Glover's addition, highlighting his expertise in guest service, employee satisfaction, and finance.
Amcor (NYSE: AMCR; ASX: AMC), a global leader in responsible packaging solutions, has announced key executive appointments to accelerate organic growth. Fred Stephan, previously President of Amcor Flexibles North America, has been named Chief Operating Officer, a newly created role. He will focus on leveraging growth opportunities across global flexible packaging businesses.
David Clark, formerly Vice President of Sustainability, has been appointed Chief Sustainability Officer. This new role, reporting directly to the CEO, will oversee the implementation of Amcor's sustainability strategies and policies company-wide.
These appointments aim to enhance collaboration, drive faster growth in the flexibles business, and increase focus on sustainability initiatives. CEO Peter Konieczny emphasized the company's strong position and significant growth potential, highlighting the opportunity to leverage Amcor's global footprint and scale more effectively.
Amcor (NYSE: AMCR; ASX: AMC), a global leader in responsible packaging solutions, has appointed Peter Konieczny as Chief Executive Officer. Konieczny, who has served as Interim CEO since April 2024, will also be nominated as a director for election at the Company's Annual Meeting of Shareholders in November 2024. Amcor Chairman Graeme Liebelt expressed confidence in Konieczny's leadership, citing his exceptional performance in various roles at Amcor, including as Interim CEO.
Konieczny stated his gratitude for the opportunity and highlighted Amcor's strong fiscal 2024 performance, expressing confidence in continued momentum for fiscal 2025 and beyond. He emphasized Amcor's commitment to safety, customer success, and disciplined capital allocation, positioning the company for industry-leading value creation.
Brandon Lake and Phil Wickham, acclaimed worship artists, are releasing 'FOR THE ONE' tour documentary in theaters nationwide from October 27-29, 2024, through Fathom Events. The film showcases their Summer Worship Nights Tour performances and delves into the personal stories behind their music. Directed by Noah Taher and produced by Ken Carpenter, the documentary aims to inspire audiences with its blend of music, worship, and community.
The film is distributed by Fathom Events, a leader in cinema distribution owned by AMC Entertainment Inc. (NYSE: AMC), Cinemark Holdings, Inc. (NYSE: CNK), and Regal. Both Lake and Wickham are GRAMMY®-winning and Dove Award-winning artists known for their impactful worship music and performances.
LAIKA's Coraline celebrates its 15th anniversary with a stunning global box office performance, amassing $38.3M since its August 15th re-release. The newly remastered 3D version has captivated audiences worldwide, surpassing expectations in multiple markets. In the UK, it's now the #2 top film re-release of all time, trailing only Titanic. Mexico's ticket sales have exceeded the film's original 2009 run.
The re-release includes a sneak peek of LAIKA's upcoming film, Wildwood, making it a must-see summer event. Fathom and Trafalgar Releasing have extended dates and added territories due to overwhelming demand. The success reaffirms Coraline's status as a timeless cinematic masterpiece, drawing multiple generations of moviegoers and showcasing LAIKA's pioneering work in stop-motion animation.
GND Media Group, Pure Flix, and Fathom have released the official trailer for AVERAGE JOE, set to premiere in theaters nationwide on October 11, 2024. Directed by Emmy Award-winner Harold Cronk, the film stars Eric Close and Amy Acker. It's based on the true story of US Marine (ret.) and high school football coach Joseph Kennedy, chronicling his fight for religious freedom and his job after being fired for praying on the field after games.
The movie aims to inspire audiences and highlight the importance of religious freedom and freedom of speech. Tickets are now available for purchase online and at participating theater box offices. Fathom Events, owned by AMC Entertainment Inc. (NYSE: AMC), Cinemark Holdings, Inc., and Regal, is distributing the film to theaters across the U.S. and in over 45 countries.
Amcor (NYSE: AMCR, ASX:AMC), a global leader in responsible packaging solutions, has published its Decarbonization Roadmap to reduce greenhouse gas emissions. The roadmap, aligned with the Science-Based Targets initiative (SBTi), focuses on five key areas: product redesign, increased use of recycled content, transition to renewable electricity, supply chain collaboration, and operational efficiency enhancements.
In fiscal year 2023, Amcor achieved significant progress, with 22 sites reaching 100% renewable electricity use and a 10.2% reduction in absolute GHG emissions compared to FY22. The company also increased its renewable electricity use by 244% year-over-year. This roadmap demonstrates Amcor's ongoing commitment to sustainability and climate mitigation efforts.
LAIKA's 15th Anniversary re-release of 'Coraline' has surpassed box office expectations, grossing over $20M worldwide. The newly remastered 3D version, distributed by Fathom in the U.S. and Trafalgar Releasing internationally, has been extended through August 29th due to overwhelming demand.
Highlights include:
- $12.5M in U.S. ticket sales, ranking #4 at the domestic box office
- Record-breaking performance in Mexico, becoming the highest-grossing re-release in the country's cinema history
- Strong showings in various international markets, ranking in the top 5 in multiple countries
- Additional territories added, including Philippines, Dominican Republic, Ecuador, Chile, Peru, and France
The re-release also features a preview of LAIKA's upcoming film, 'Wildwood', making it a must-see summer event for animation enthusiasts.
Warner Bros. Pictures is bringing 'The Batman' back to select theaters worldwide for a special one-night event on August 28, 2023. This exclusive screening precedes the debut of the HBO Original series 'The Penguin' on September 19, 2024. Viewers will not only revisit the film but also get an exclusive behind-the-scenes look at the making of 'The Penguin' series.
The event is a collaboration with AMC Theatres and Dolby, featuring screenings in 100 Dolby Cinema at AMC screens across the U.S. and select international locations. 'The Batman,' which grossed over $772 million worldwide in its initial 2022 release, stars Robert Pattinson as Batman and Colin Farrell as The Penguin.
National CineMedia (NASDAQ: NCMI) reported its fiscal Q2 2024 results, with total revenue of $54.7 million, exceeding guidance but decreasing 15.1% year-over-year. The company's advertising revenue per attendee reached $0.56, the highest Q2 level since 2017. National advertising revenue per attendee increased by 37% year-over-year. Operating loss widened to $9.3 million from $2.2 million in Q2 2023. Adjusted OIBDA decreased to $7.6 million from $12.5 million in the same period last year.
For Q3 2024, NCM expects total revenue between $56.0 million to $58.0 million and Adjusted OIBDA in the range of $6.0 million to $8.0 million. The company remains confident in the box office's resurgence and its ability to capitalize on this momentum.