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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.
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AMC Theatres (NYSE:AMC) celebrates National Popcorn Day by offering ticket-buying guests unlimited refills on all sizes of popcorn and exclusive, limited edition popcorn-themed merchandise. The company also provides options for purchasing popcorn-themed merchandise online and through Uber Eats, as well as at participating Walmart or Publix locations. AMC guests can purchase a limited edition Loungefly popcorn Crossbody bag and enjoy unlimited refills on any size popcorn on January 19th. Loungefly bags are priced at $79.99+tax and include a Large popcorn and unlimited refills with purchase on Jan. 19 only. Refills are not available until 15 minutes after purchase, and guests must show receipt/proof of purchase. The company also offers AMC Microwave Popcorn and other popcorn-themed merchandise for purchase. AMC Theatres encourages consumers to celebrate National Popcorn Day in style and enjoy the popular bags and online swag before they sell out.
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Fathom Events and Grace-Based Films present 'A Case For Love,' a documentary directed by Brian Ide and produced by Brian Ide, Steven Fleenor, Chuck Robertson, Spero Stamboulis, and Tony Briggle. The film explores unselfish love as a potential solution to the extreme societal and political divide facing the U.S. The documentary features everyday people from diverse backgrounds and well-known figures such as Sec. Pete Buttigieg, Al Roker, and Rev. Becca Stevens. 'A Case For Love' is set to release in theaters nationwide on Jan 23.
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National CineMedia (NCM) introduces the Young Lions Mentorship Program with Coca-Cola, Mother, and Atlantic New York in Support of the U.S. Young Lions Community Delta Air Lines Joins as the First Official U.S. Young Lions Travel Partner Monotype is Confirmed as the New 2024 Print Category Sponsor.
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AMC Entertainment (AMC) proudly announces that TAYLOR SWIFT | THE ERAS TOUR concert film has set a new global box office record, earning over $261.6 million, surpassing the previous record-holder MICHAEL JACKSON'S THIS IS IT. The film, distributed by AMC Theatres, has achieved unprecedented success both domestically and internationally, solidifying its position as the highest-grossing concert film and documentary in history.
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AMC Theatres (NYSE: AMC) introduces an all-new line of AMC-branded premium gourmet chocolate candies - AMC Cinema Sweets - available at concession stands throughout the United States. The launch follows more than a year of study and collaboration to create delicious snacks at competitive price points. The new varieties include Milk Chocolate Covered Pretzels with a Dark Chocolate Drizzle, Milk Chocolate Covered Almonds, Milk Chocolate Covered Raisins, and Milk Chocolate Covered Peanuts, with plans for additional varieties in 2024.
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The Metropolitan Opera's 2023–24 Live in HD season continues with the live transmission of Verdi's Nabucco on Saturday, January 6, featuring a renowned international cast, including Ukrainian soprano Liudmyla Monastyrska, Georgian baritone George Gagnidze, and South Korean tenor SeokJong Baek in his Met debut. The Live in HD transmission will be hosted by Grammy Award–winning American soprano Angel Blue. The grand, larger-than-life staging promises to draw opera lovers and newcomers alike for this dramatic retelling of biblical history.
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AMC Entertainment Holdings, Inc. (NYSE: AMC) completed a $350 million at-the-market equity offering and reduced liabilities by $62.28 million. The company raised $350 million through the sale of approximately 48.0 million shares at an average price of approximately $7.29 per share. Using a portion of the proceeds, AMC repurchased $50 million principal amount of its 10% second lien notes due 2026 at an average discount of 19.67%, plus accrued interest. Additionally, AMC exchanged $12.275 million principal amount of its 10% second lien notes due 2026 plus accrued interest for approximately 1.6 million shares of Class A common stock with an implied value of $8.19 per share. AMC Chairman and CEO Adam Aron highlighted the company's commitment to strengthening the balance sheet by raising $865 million of gross equity capital and lowering liabilities by approximately $440 million in 2023, positioning AMC to thrive in the future despite industry challenges.
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Metropolitan Opera (Met) announces the live transmission of Daniel Catán's Florencia en el Amazonas with a majority Latinx cast on December 9, 2023. This is the first Spanish-language opera performed at the Met in nearly a century and the first opera by a Mexican composer to be presented by the company. The opera follows Florencia Grimaldi, a South American opera diva, and features celebrated Mexican-American soprano Ailyn Pérez in the title role. The production marks an unprecedented Latin American cultural and artistic moment for the Met.
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Parkwood Entertainment and AMC Entertainment (NYSE: AMC) announced the successful premiere event for RENAISSANCE: A FILM BY BEYONCÉ, a documentary chronicling Beyoncé's record-setting global RENAISSANCE WORLD TOUR. The event, held at the Samuel Goldwyn Theatre in Los Angeles, was attended by top music and Hollywood celebrities, including Beyoncé, JAY-Z, and many others. The film opens in domestic and international movie theaters on December 1.
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AMC Entertainment Holdings, Inc. (NYSE: AMC) reported Q3 2023 results, available on their Investor Relations website. A live webcast for investors and interested parties will be held on November 8, 2023, at 4:00 PM CT/5:00 PM ET.
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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
Services-motion Picture Theaters
United States of America
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