Amc Entmt Hldgs Inc Stock Price, News & Analysis

AMC Entertainment Holdings, Inc. (NYSE: AMC) will report its third-quarter results for the period ended September 30, 2021, after market close on November 8, 2021. The earnings webcast will occur at 4:00 p.m. CST (5:00 p.m. EST) and will be accessible through AMC's Investor Relations website. Investors are encouraged to sign up for AMC Investor Connect to submit questions for the webcast. AMC operates approximately 950 theatres and 10,500 screens globally, focusing on enhancing moviegoer experiences through innovation.

AMC Entertainment reported that its ticket admission revenues for October 2021 are the highest seen since February 2020, indicating a strong recovery as the domestic box office is projected to outperform previous months. The company, as the largest movie exhibitor in the U.S., noted this increase reflects broader industry trends. Additionally, international locations have also seen record revenues for the same period. Overall, this uptrend suggests a positive trajectory for AMC and the movie exhibition industry post-pandemic.

CHRISTMAS WITH THE CHOSEN: THE MESSENGERS has set a new record by achieving $1.5 million in pre-sale ticket sales within the first 12 hours, surpassing previous records for Fathom Events. The film, which brings to life the nativity story, is slated to premiere on Dec. 1 in over 1,500 theaters across the U.S. The event will also feature performances by notable Christian artists, making it a significant occasion for fans of The Chosen. With this high demand, additional screens and locations are being added to accommodate audience interest.

National CineMedia, Inc. (NASDAQ: NCMI) plans to release its fiscal Q3 2021 earnings on November 8, 2021, after market close, followed by a conference call at 5:00 p.m. ET. The call will be accessible by phone and live audio webcast via their website. NCMI, which holds a 48.2% interest in National CineMedia, LLC, is the largest cinema advertising network in the U.S., reaching audiences through more than 20,800 screens in 1,600 theaters. For further information, visit their Investor Relations page.

Fathom Events is set to present "Dave Hollis: Built Through Courage" on November 17 in theaters nationwide. This one-night event features insights from Hollis, a bestselling author, who shares his journey of resilience and courage. Prominent speakers like Brendon Burchard and Mel Robbins will also contribute. Hollis' new book, Built Through Courage, launches on October 26. Tickets are available at FathomEvents.com and participating theaters.

AMC Theatres is enhancing accessibility by providing open caption showtimes for newly released films at 240 locations across the U.S. This initiative aims to broaden the movie-going audience, especially for those with hearing difficulties or non-native English speakers. Guests can find these showtimes through the AMC website and app. The initiative is part of AMC's strategy to be inclusive, reflecting positive initial consumer responses and anticipated strong demand.

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 3.9 million attendees globally from September 30 to October 3. The domestic box office for VENOM: LET THERE BE CARNAGE grossed $90 million, marking it as the second-largest October opening in history. Concurrently, NO TIME TO DIE set records overseas, including the highest single-day ticket revenue for a Bond film in the UK. AMC's U.S. theatres reported their best single-day revenue since February 2020, reflecting a significant recovery in the cinema industry.

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.