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Adam Aron

AMC Theatres Tries to Win Over Retail Investors With “APE” Dividend

AMC Entertainment Holdings is issuing a special dividend to thank its retail investors, but so far they don’t seem to be buying it. Just ahead of earnings Thursday, the company announced it would issue a special dividend to investors of one AMC preferred Equity unit for each of AMC Class A common stock outstanding at […]

AMC Theatres Shrinks First-Quarter Loss to $337.4M

AMC Entertainment has shrunk its latest quarterly loss on higher overall revenues as the movie exhibition giant looks for gains from a Hollywood box office rebound. The parent of AMC Theatres posted a first-quarter loss of $337.4 million, or 65 cents per-share on overall revenues at $785.7 million. That’s an improvement on the year-ago period […]

AMC Theatres CEO Adam Aron’s 2021 Pay Falls to $18.9M

AMC Theatres CEO Adam Aron received compensation of $18.9 million in 2021, down from $20.92 million in 2020, according to the pandemic-impacted cinema giant’s proxy statement filed with the Securities and Exchange Commission on Friday. Aron’s base salary rose to $1.45 million, from $1.1 million a year earlier, and he took home no bonus last […]

AMC Theatres’ Quarterly Loss Shrinks, But Still Totals $134M

The suspense on Tuesday as AMC Entertainment released its fourth quarter earnings was worthy of a Hollywood tentpole in one of its theaters. After the market close, the latest financial earnings were not posted until 5 p.m., just as an analyst call led by CEO Adam Aron was set to get underway. And the latest […]

AMC Theatres Bolsters Management Ranks As Two Top Execs Leave

John McDonald is retiring after a 47-year career with AMC Theatres, most recently as head of U.S. operations, while Stephen Colanero is also stepping down as the cinema giant’s executive vp and chief marketing officer. On Monday, AMC said Dan Ellis, currently senior vp, development and international, will succeed McDonald as executive vp, chief operations […]

AMC Theatres Takes Over Former Cinemark Cinema Lease in Chicago

AMC Theatres has reached a lease agreement with GW Properties to take over and reopen AMC Evanston 12 in the Chicago area. The theater operated as the Century 12 Evanston movie theatre before Cinemark terminated its lease early on during the pandemic and is expected to open later this year. AMC said it is holding […]

AMC Theatres Takes Over Two ArcLight Cinema Leases in Washington and San Diego

AMC Theatres has reached lease agreements with property developer Unibail-Rodamco-Westfield to take on the leases of two more former Arclight cinemas. The first is in San Diego, where AMC will reopen a 14-theater location in La Jolla this Thursday. The second, in the Washington, D.C., area, will see the reopening of AMC Montgomery 16 at […]

AMC Theatres CEO Unloads Another $7M in Shares, Says He’s Done Selling for Now: “I Am In!”

AMC Entertainment CEO Adam Aron sold another tranche of stock in the movie theater giant, but says he is done selling for now. A filing with the Securities and Exchange Commission on Wednesday revealed that Aron sold another $7.1 million in AMC stock this week. Since last fall Aron has sold more than $40 million […]

Entertainment “Memestocks” Will Be Tested in 2022

A weird thing happened to AMC Entertainment in January. The movie theater giant was reeling from the pandemic, facing a potential bankruptcy, and its stock was trading at $2 per share. And then it became a meme. Online traders gathering on platforms like Reddit and TikTok embraced the company’s stock and propelled its share price […]

AMC Theatres CEO Sells $25M-Plus in Stock

Adam Aron, CEO of AMC Theatres, has disclosed a sale of 625,000 shares in parent AMC Entertainment Holdings to raise proceeds of $25.33 million. The sale was telegraphed to meme stock investors by Aron during an earnings call Monday following the release of AMC’s third quarter earnings. “Prudent estate planning suggests I should diversify my […]

AMC Theatres Cooks Up Retail Popcorn Business

Pop goes AMC Theatres. The world’s largest movie theater chain said Thursday it is diversifying into the retail popcorn business. The initiative is intended to create a new revenue stream as cinemas across the U.S. and world recover from the COVID-19 crisis and contend with changing consumer habits in the age of streaming. Beginning in […]

AMC Theatres Enlists Nicole Kidman for $25M Ad Campaign Amid Delta Variant Threat

AMC Theatres has enlisted Nicole Kidman to help get movie fans back to the multiplex with a $25 million national advertising campaign launching on Sept. 12. Kidman, in the national TV, online and social media advertising buy, proclaims “AMC Theatres. We Make Movies Better” via 60-second, 30-second and 15-second commercials. The campaign coincides with the […]