AMC Entertainment

Theater chain AMC Entertainment is now shifting ticket prices depending on where seats are located in theaters in an initiative called Sightline AMC. The seating selections based on their sightline of the movie screen within the auditorium include Value Sightline, Standard Sightline and Preferred Sightline sections. Standard Sightline, the most common, is sticking to the
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AMC Entertainment said Saudi Entertainment Ventures (SEVEN) will buy out its investment in movie theater venture, Saudi Cinema Company, for $30 million AMC said the agreement calls for it to transition from a management and investment role in SCC to “a pure licensing relationship.” Current AMC Cinemas and future locations operated by SCC will retain
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Regal parent Cineworld said it’s opted to pursue a sale of assets and the process “is well under way” with non-binding bids due February 16. The company said in a bankruptcy filing this week that it’s reached out to 30 “potential transaction parties” including many competitors. If the debtors (Cineworld and its affiliates) find one
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Judge Marvin Isgur on Wednesday told parties to the Cineworld bankruptcy that they need to speed things up as debtors and creditors hash out a restructuring plan for the giant movie chain, including closing theaters, wrapping up lease negotiations with landlords, and advancing an overall sale process. “We are not going to stick around forever.
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AMC Entertainment has rejiggered is board, announcing the election of two new directors and one who is exiting. The former Sundance Institute chief and Miramax production president Keri Putman, a big advocate for independent film, as well as Dee Clark, who has worked in information technology at Hasbro, Mattel, Warner Music and Apple, will join
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Adam Aron said today he’s asked the theater chain’s board of directors to freeze his compensation for 2023 given the decline in AMC stock. “Biggest inflation in 40 years, so in 2023 companies will grant large % salary raises. But I do not want “more” when our shareholders are hurting. So, I recommended to the
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UPDATED with conference call comments: AMC Entertainment CEO Adam Aron shrugged off Covid, streamers and windows as real issues for exhibition currently, saying the biggest challenge facing the industry “above all else, is that movie theater operators need more movies.” “At this point, there is only one topic that should be… on the tip of
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Cineworld,, staggering under heavy debt and facing a dip in box office revenue this quarter, asserted Friday that it’s business as usual for the giant movie chain while it explores options. The statement follows a report today that the U.K parent of Regal Cinemas is preparing to file for bankruptcy. Cineworld presaged a potential Chapter 11
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AMC CEO Adam Aron, who already has announced a push into retail popcorn sales and accepting payment in cryptocurrencies, waxed enthusiastic Monday at a flood of new ventures suggested by the chain’s 4.1 million retail investors. The floated ideas include everything from an AMC credit card and a return to movie producing to its own
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AMC Entertainment saw revenue jump to $763 million last quarter, beating Wall Street forecasts on a strong movie slate and accelerating theatrical recovery. Adjusted EPS losses of 44 cents a share shrank from a loss of $8.41 a year ago. Analysts had anticipated sales of $708 million with an EPS loss of 53 cents. As
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Theatrical giant AMC Entertainment announced it’s “expanding its business outside of the traditional theatrical exhibition industry with plans to capture a piece of the growing multi-billion dollar popcorn market.” That means it will be selling AMC Theatres Perfectly Popcorn through four new platforms starting next year, including at AMC Theatres Perfectly Popcorn kiosks at select
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EXCLUSIVE: Exhibition need not worry: After October’s vibrant box office, there is indeed more blockbuster business to come in November. Deadline has learned that advance ticket sales for Disney/Marvel’s Eternals, opening on Nov. 5, are already quite huge. Insiders say advance sales for the movie from Oscar winning filmmaker Chloé Zhao, is estimated to have racked up
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AMC Entertainment saw revenue surge to $444 million last quarter from a pandemic-stalled $18.9 million a year ago. Net losses narrowed to $349 million from $561 million. Both beat Wall Street estimates, plumping the volatile stock by more than 7% in late trading. The nation’s biggest theater chain which struggled mightily to avoid bankruptcy for
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AMC Entertainment will present a weeklong AMC Black Picture Showcase at select theaters nationwide starting Friday to celebrate Juneteenth. The newly established national holiday commemorates the abolishment of slavery in the U.S. The exhibitor said tickets will cost $5 to shows of “classic, contemporary and culturally relevant, black-led films.” The seven films in the lineup
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