AMC Theatres
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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LeVar Burton Reflects on ‘Reading Rainbow’ Journey in ‘Butterfly in the Sky’ Documentary Trailer
LeVar Burton celebrates his television series Reading Rainbow in the trailer for the forthcoming documentary feature Butterfly in the Sky. Butterfly in the Sky tells the story of Reading Rainbow, the educational show promoting literacy that Burton hosted for 23 seasons. The program first aired on PBS and later on PBS Kids before signing off […]
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AMC Theatres Board Adds Former Redbox CFO Sonia Jain
Exhibition giant AMC Theatres is adding more financial expertise to its board as it continues to address debt challenges, saying that it has elected former Redbox CFO Sonia Jain to its board of directors, effective Friday. She will serve as a member of the audit committee of the board. “Jain brings to the board extensive […]
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Taylor Swift, Beyoncé Drove “Literally All” of AMC Theatres’ Quarterly Revenue Increase
AMC Theatres beat Wall Street expectations, reporting fourth-quarter revenue of $1.10 billion, up from $990.9 million in 2022 and a net loss of $182 million, compared to a net loss of $287.7 million in 2022. For the full year, the theater chain reported total revenue of $4.8 billion, up from $3.9 billion in 2022. Net […]
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AMC Theatres’ Workers at Universal City Location Attempt to Unionize
The latest coming attraction for Universal Cinema AMC at CityWalk Hollywood? A union election at the National Labor Relations Board. On Feb. 20, the crew union IATSE petitioned the NLRB for an election to determine if 44 staffers at the Universal City location will decide to join their ranks. The union is attempting to represent […]
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Movie Theaters’ Secret Revenue Weapon: Elaborate Popcorn Merch
Minutes after the first trailer for his superhero pic Deadpool & Wolverine dropped during the Super Bowl, Ryan Reynolds tweeted about popcorn, of all things. “Wait til you see the Deadpool popcorn bucket,” he wrote. An eternal jester, he no doubt was responding to the social media frenzy over a new Dune in-theater sandworm popcorn […]
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AMC Theatres Unveils Stock Swap to Pay Down Debt
Mega-exhibitor AMC Theatres completed several stock exchange agreements at the end of 2023 to pay down a looming debt load. In a securities filing on Tuesday, parent AMC Entertainment Holdings reported it completed a “series of privately negotiated exchange agreements” between Dec. 28 and Dec. 29, 2023 covering in all 3.25 million class A […]
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Netflix, Spotify, Lionsgate Stocks Jump in 2023, While Disney Ekes Out a Gain
In 2022, the stocks of streaming giant Netflix and most Hollywood giants fell to Earth. In 2023, major media and tech players had another grim year with investors as faith in streaming took another hit, even if their share prices ended the year on a roll, helped by renewed M&A talk. Netflix soared back to […]
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AMC Apologizes After Civil Rights Leader Says He Was Kicked Out of Theater
AMC Theatres has issued an apology after a North Carolina civil rights leader said he was kicked out of a theater for trying to use his own chair in the disabled section. Rev. Dr. William J. Barber II, a former president of the NAACP North Carolina chapter, was attempting to attend a screening of The Color […]
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Beyoncé’s ‘Renaissance’ Premiere: Superstar Debuts Concert Film in Los Angeles With Support of Family, Destiny’s Child
Beyoncé brought Renaissance to the big screen on Saturday night, premiering her new concert film at a star-studded event in Beverly Hills. The premiere, which took place at the Academy of Motion Picture Arts and Sciences’ Samuel Goldwyn Theater and included a dress code of “cozy opulence,” featured a chrome carpet followed by a screening […]
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Keith Urban Says Wife Nicole Kidman Never Expected Her AMC Ad to Become “This Cultural Thing”
Keith Urban has revealed why Nicole Kidman initially decided to team up with AMC Theatres for an ad that unexpectedly became a cultural moment. During an appearance on a recent episode of Criss Angel’s Talking Junkies podcast, the country singer opened up about his wife’s viral commercial for the company in 2021. “She did it because she […]
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