AMC Entertainment’s biggest issue right now may be its $4.5 billion debt and the fact that most comes due in 2026. On a conference call post-earning today, CEO Adam Aron addressed it publicly for the first time, assuring investors the giant theater chain has been working with lenders for almost a year to extend the
AMC Theatres
AMC Entertainment’s much talked about preshow commercial starring an earnest Nicole Kidman in a glittery pantsuit will have three new iterations, CEO Adam Aron said today, as the exhibitor plans to start rotating a trio of 30-second spots in theaters nationwide on March 1. That campaign “took on like a cult-like nature, and became
AMC, fresh off the rollout of its AMC popcorn brand, has added its own line of candy to concession offerings. CEO Adam Aron first flagged the candy push back in May, noting the cost savings in making products in-house, as well as the branding opportunities. The news today is that four kinds of Cinema Sweets
EXCLUSIVE: Sources are telling us that the first day presales for the top three exhibitors stateside for Renaissance: A Film by Beyoncé is estimated to be around $6M-$7M+. Note these figures do not come from AMC. An official number from AMC could conceivably come in higher, if they release one. We understand that on Fandango,
AMC Entertainment’s CEO Adam Aron warned that the chain risks financial peril if it can’t raise fresh cash as needed while exhibition continues its post-Covid recovery amid Hollywood strikes. The world’s biggest move chain saw second-quarter earnings surge, sales jump and things looked great in movieland with the three months ended in June and the
AMC Entertainment set a new post-Covid record for global admissions revenue this past weekend with Barbie and Oppenheimer leading a charge that drew 7.8 million moviegoers to theaters. Warner Bros/Mattel’s Barbie racked up $162 million opening weekend. Universal’s Oppenheimer stands at $82.4 million for a $300 million weekend at the domestic box office. For Imax, Christopher Nolan’s Oppenheimer delivered a $35 million debut
AMC Entertainment is dropping Sightline, a controversial variable pricing program for seating it announced earlier this year. The giant theater chain said today that after a pilot in three locations, it saw little or no increase in patronage of cheaper front row seating, despite a modest price reduction for the seats. The test did show
AMC stockholders today overwhelmingly approved a pair of provisions that would dramatically enhance the company’s ability raise fresh cash by issuing and selling shares and boost the price of the company’s shares in a ten-for-one-reverse stock split. The approval at a special meeting of shareholders help virtually would also trigger the immediate conversion of AMC
AMC Entertainment will debut its new retail popcorn line at hundreds of Walmart locations on March 11 – Academy Awards weekend, the company announced this morning. CEO Adam Aron’s latest push to diversify the giant movie chain, from a gold mine to an AMC-branded credit card, will include three flavors of both microwave and ready-to-eat
Giant movie chain AMC Entertainment saw revenue dip 15% last quarter to $991 million and losses widen on a one-time impairment charge in a fourth quarter was tough on exhibition in general with Avatar: The Way Of Water hitting late in the year, and a few misfires. A fuller release sked led by a steadier
AMC Entertainment CEO Adam Aron said the new Sightline ticket pricing regime the chain’s trying out in three markets has the potential to expand the moviegoing market and prevent future price hikes. “We are in inflationary times, and inflationary times cause costs to rise,” he said. “Under the pre-Sightline structure of the industry, if we
Actor Elijah Wood is not a fan of AMC Entertainment’s latest move around ticketing that sets different prices for different seats inside its theaters. “The movie theater is and always has been a sacred democratic space for all and this new initiative by @AMCTheatres would essentially penalize people for lower income and reward for higher
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
AMC Entertainment plans to offer a co-branded credit card starting in early 2023 for members of its loyalty program, a first in the theatrical exhibition industry and the latest venture by the movie chain, which will also be rolling out its own popcorn for sale at retailers next year. The card is a push
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
In the wake of Disney’s record breaking Labor Day weekend with Shang-Chi and the Legend of the Ten Rings, the No .1 movie circuit in the world, AMC Theatres, is launching the first ever $25M+ multi-media ad campaign “AMC Theatres. We Make Movies Better” featuring Oscar winner Nicole Kidman. It’s hard to think of the last
UPDATED with AMC proxy figures, Aron’s 2020 compensation: In one of the few interviews he has granted during AMC Entertainment’s white-knuckle 2021, CEO Adam Aron hailed the reopening of New York City and shared his thoughts on the “Reddit rally.” Speaking with CNBC (watch the full segment above) on Friday, he said advance ticket sales
AMC circuit CEO and President Adam Aron did not have words of hate tonight toward Warner Bros’ (actually, let’s be honest, WarnerMedia’s) decision to take their $200M DC superhero sequel Wonder Woman 1984 into theaters and onto HBO Max on Christmas Day. Aron gave his thumbs up, saying that the movie will play at close
In the wake of Cineworld’s decision to shutter its UK venues and Regal U.S. theaters, AMC, the No. 1 exhibitor in the world, will remain open. AMC joins No. 3 exhibitor Cinemark in staying open during the pandemic, despite Cineworld and Regal’s plans to close this Thursday. More than 80% of AMC’s U.S. circuit is
This just in. AMC will have 70% of its circuit open this weekend, counting 420 locations. This includes San Diego, CA following the state Governor Newsom’s reopening provisions last Friday. In total, 140 additional AMC theaters will reopen this weekend. Distribution sources tell me that San Francisco, CA will likely be back online the weekend
After AMC CEO Adam Aron publicly threatened that he would never play Universal movies as along as the studio had a plan for simultaneous theatrical-PVOD releases like Trolls World Tour, the world’s No. 1 exhibitor and the Hollywood studio have broken bread with the following multi-year agreement: Universal and Focus Features releases will play at
Just because Warner Bros. took Christopher Nolan’s Tenet temporarily off the release schedule doesn’t mean that the No. 1 theater chain isn’t going to reopen. AMC announced this morning that it planning to reopen its multiplexes beginning mid-to-late August instead of the previously announced date of July 30. The chain didn’t go into details in its
As expected with NYC and LA cinemas still not opened, and Tenet, the first big event pic heading to Aug. 12, the No. 1 exhibitor in the U.S., Europe and the Middle East, AMC, will now reopen its circuit on July 30 instead of July 15. On the new date, the Leawood, KS-based chain will
Buried in AMC’s 1Q 2020 earnings release on page 3 today was the statement, “While we are in active dialogue with Universal, no movies made by Universal Studios are currently on our docket.” The note comes a little bit more than a month after AMC CEO and President Adam Aron alerted the studio in a
Editors’ Note: As Deadline continues its Coping With COVID-19 Crisis series on the struggles of people in the entertainment industry impacted by the coronavirus-related shutdowns and layoffs, today we continue our latest series, Reopening Hollywood, focused on the incredibly complicated effort to get the industry back on its feet while ensuring the safety of everyone involved. We
In the wake of a S&P Global report that forecasted AMC Entertainment’s depletion of cash by mid-summer and its potential inability to re-open by June, media reports have already written the chain’s obituary. But hold on one moment. While distribution and rival exhibition sources wouldn’t be shocked if AMC files Chapter 11 in the near
AMC Theatres CEO Adam Aron sat down for an interview on CNBC’s Squawk Alley today, telling the show’s hosts that the chain’s possible re-opening between May to mid-June is still “more of the right timing, but nobody knows.” Aron shut down the biggest exhibition chain out of coronavirus safety on March 17, and believes a three-month window
EXCLUSIVE: Deadline hears that the biggest exhibitor in the world, AMC Theatres, has furloughed 600 employees in their Leawood, KS home office. Health insurance will remain intact for all of them, however, for those not receiving any cushion, they’ll have to figure out a way to pay for their policies during the time that the chain
Updated: As the first big movie theater chain to publically address the coronavirus situation in the U.S., AMC Theatres announced today that they’re reducing capacity in each of their auditoriums by at least 50% starting tomorrow Saturday, March 14 and continuing until April 30, 2020. As the largest theater chain in the U.S., one would
We just got word that Regal Cinemas is the next biggest chain stateside to enforce a reduced auditorium capacity size of 50% where applicable and “with state mandates on social gatherings” says the exhibitor. AMC just recently announced a similar policy. Of the distribution bosses we’ve spoken to, we hear that they don’t expect any