AMC Theatres
AMC Theatres Adds Bally’s CFO Marcus Glover to Board
Exhibition giant AMC Theatres has elected Bally’s Corporation chief financial officer Marcus Glover to its board of directors, effective Sept. 12. Glover, who has since May 2023 served as executive vp and CFO of the casino-entertainment company, will serve as a Class 1 director with a term expiring at AMC Theatres’ 2027 annual meeting of […]
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AMC’s $31 ‘Beetlejuice Beetlejuice’ Drink Goes Viral (But There’s More to the Story)
The cinema chain's "Sandworm Slayer" blue gummy-topped promotional drink is turning heads
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S&P Raises AMC Theatres’ Rating, But Warns Debt Load Is “Unsustainable”
S&P Global has raised its credit rating for AMC Entertainment Holdings, but the mega-exhibitor remains far from taming its overall debt load, even after a recent new debt issue. AMC saw its ratings bumped up to ‘CCC+’, from ‘SD’ (selective default), but has a negative outlook after the cinema chain issued a new $2 billion […]
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AMC Theatres Discloses $32M Loss Amid Slower Early Summer Box Office
During a quarter in which box office grosses started off weaker, the nation’s biggest exhibitor AMC Theatres posted a net loss as well as revenue almost $300 million below the comparable frame a year ago. The movie theater chain, led by CEO Adam Aron, posted total revenue of $1.03 billion and a loss of $32.8 […]
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Movie Theater Chains Tout Revenue Records After ‘Deadpool & Wolverine’ Bow
Theatrical movie giants AMC Theatres, Cinemark and Imax were all cheers on Monday after Shawn Levy’s Deadpool & Wolverine opened to a record-shattering $205 million at the domestic box office on the weekend. AMC said it set new 2024 records for weekend attendance and admissions revenue in the U.S. market and for its Odeon Cinemas […]
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AMC Theatres Secures Refinancing Deal to Push Debt Maturities to 2029
AMC Entertainment Holdings has reached a debt refinancing deal that will push up to $2.45 billion of debt maturities from 2026 to 2029 and beyond. The restructuring deal, unveiled Monday, aims to give the movie theater chain breathing room on its balance sheet to pay down an estimated $4.5 billion in long-term borrowings. “This agreement […]
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AMC Theatres Says July 4 Holiday Box Office Drew 4.2M Moviegoers
Backed by animated tentpoles like Despicable Me 4 and Inside Out 2, AMC Theatres reported a festive July 4 holiday. The return of Gru and his Minions ruled the Fourth of July box office for the Universal and Illumination release with an estimated five-day domestic opening of $122.6 million from 4,428 theaters. The result had […]
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AMC Theatres Shares Soar 80 Percent After Meme Stock Investor “Roaring Kitty” Resurfaces
Shares in AMC Theatres surged 80 percent on Monday after meme stock investor Roaring Kitty resurfaced online. Stock in parent company AMC Entertainment Holdings, led by CEO Adam Aron, ended the day up $2.28, to close at $5.19. That’s a big jump after shares in AMC tumbled in value since the cinema giant during the […]
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AMC Theatres Shrinks First Quarter Loss, Sees Revenues Dip on Weaker Box Office
AMC Entertainment Holdings has seen its first-quarter revenues edge down slightly on weaker box office in the wake of the dual Hollywood strikes last year, and its net loss narrow as Dune: Part Two and Godzilla x Kong played in its theaters. On Wednesday, the parent of AMC Theatres reported overall revenues for the three […]
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AMC Theatres’ New Distribution Business Hires Fandango Veteran Stephanie Terifay
Fandango veteran Stephanie Terifay has been tapped to help AMC Theatres build out its new movie distribution business following the record-shattering success of Taylor Swift’s Eras Tour tour and Renaissance: A Film By Beyoncé. Terifay’s title is vice president, distribution. In the newly created role, she’ll be responsible for working with the music industry to […]
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Adam Aron Brushes Off Box Office Woes: “It’s Inconceivable That AMC Would File for Chapter 11”
Adam Aron, as always, remains unruffled by widespread talk of AMC Theatres’ financial woes. At CinemaCon, the annual gathering of exhibitors and Hollywood studios that’s underway in Las Vegas this week, there’s loads of chatter as to the financial health and future of the world’s largest theater circuit, and whether a restructuring is in the […]
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AMC Theatres CEO Adam Aron’s Pay Rises to $25.4M In 2023
AMC Theatres CEO Adam Aron received compensation of $25.4 million in 2023, up from $23.7 million in 2022 and $18.9 million in 2021, according to the cinema giant’s proxy statement filed with the Securities and Exchange Commission. That included a base salary of $1.5 million, stock awards of $17.9 million and non-equity incentive plan compensation […]
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