AMC Entertainment Holdings, Inc. - APE STOCK NEWS

AMC Entertainment Holdings, Inc. (NYSE: AMC and APE) reported its first-quarter results for 2023. The full press release can be found on the company's Investor Relations website. A live webcast for investors and interested parties will be held on May 5, 2023.

AMC Theatres plans to bring Laser Projection by Cinionic to its premium large format brand, PRIME at AMC, across the United States. Laser Projection by Cinionic will provide high contrast Barco 4K laser projection, delivering brighter and more vivid onscreen images. The introduction of laser technology in PRIME at AMC auditoriums aligns with AMC's commitment to Make Movies Better and offers a more environmentally friendly way to present movies.

AMC Entertainment has launched the AMC Entertainment Visa Card, the first co-branded movie theatre credit card in the U.S. The card allows users to earn AMC Stubs points for everyday purchases. Cardholders receive 50 points per $1 spent at AMC locations and 20 points per $1 on dining, groceries, and gas. New members spending $50 within the first three months receive $50 in AMC Stubs Bonus Bucks. The card is designed for AMC Stubs members, allowing for enhanced rewards that can lead to discounts on concessions and movie tickets.

This partnership with Visa and Deserve aims to offer a unique value proposition, encouraging customers to engage with the AMC brand outside the theatres.

AMC Entertainment announced a record-setting weekend with over 3.6 million moviegoers visiting its theaters in the U.S. from Friday to Sunday. This event marked AMC's third busiest weekend since December 2019 and the highest revenue day since reopening in 2020, driven by the success of THE SUPER MARIO BROS. MOVIE. AMC also achieved an all-time high in Easter weekend revenue, combining ticket sales and food and beverage sales. Key titles, such as AIR and DUNGEONS AND DRAGONS: HONOR AMONG THIEVES, contributed to this surge in attendance. The MARIO BROS. collectible popcorn tins also saw remarkable sales, selling out rapidly.

AMC Entertainment Holdings, Inc. (NYSE: AMC & APE) will release its first-quarter results for 2023 on May 5, 2023, before market opening. The earnings webcast will commence at 7:30 a.m. CDT and will be accessible via AMC's Investor Relations website. Investors can submit questions through AMC Investor Connect. AMC operates approximately 950 theaters and 10,500 screens, leading in the theatrical exhibition industry globally. The company is noted for its innovative approaches, including new seating options and enhanced customer engagement strategies.

AMC Entertainment Holdings has announced that its shareholders approved both the Share Increase Proposal and the Reverse Split Proposal during a Special Meeting held on March 14, 2023. With 88% and 87% approval respectively, these measures aim to enhance AMC's ability to raise equity capital and strengthen its balance sheet. Despite this endorsement from shareholders, implementation is contingent on a pending court ruling related to ongoing litigation in Delaware. A hearing is scheduled for April 27, 2023, which may influence the execution of these proposals as the company seeks to improve its financial standing.

AMC Entertainment Holdings will host a listen-only webcast of its Special Meeting of Stockholders on Tuesday, March 14, 2023 at 11:00 AM CDT. The meeting will address amendments to the Company's Certificate of Incorporation, including converting outstanding AMC Preferred Equity Units (APEs) into shares of Class A common stock through a proposed reverse stock split and an increase in authorized shares.

Investors can access the webcast via AMC’s Investor Relations website. As the largest theatrical exhibition company globally, AMC operates approximately 950 theatres and 10,500 screens, focusing on innovation and enhanced guest experiences.

AMC Entertainment Holdings, Inc. (NYSE: AMC, APE) reported its fourth quarter and full-year results for 2022. The detailed financial performance can be found on their Investor Relations page. A live webcast for investors is scheduled for February 28, 2023, at 4:00 p.m. CST. AMC continues to lead the global movie exhibition industry with approximately 950 theatres and 10,500 screens. The company has innovated through enhanced guest experiences, including power-recliner seats and improved food options. For further insights, visit their official website.

AMC Entertainment is launching a new line of microwave and ready-to-eat popcorn exclusively at Walmart, starting from March 11, just ahead of the Academy Awards. The product line features six varieties, including flavors like Classic Butter, Extra Butter, and Lightly Salted. AMC's popcorn will be available in over 2,600 Walmart locations and on walmart.com. The microwave popcorn is priced at $4.98 for a 6-count, while ready-to-eat options retail for $3.98 for bags weighing 4.2-5.2 oz. AMC aims to expand its retail presence beyond Walmart later this year.