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AMC Theatres

Cineplex Introduces $1.50 Online Movie Ticket Booking Fee

Canadian exhibitor Cineplex has joined its U.S. peers in introducing a surcharge for the convenience of booking movies online. With the exhibition sector facing a slow recovery from the pandemic, Cineplex patrons will be charged a $1.50 booking fee for movie ticket purchases using the company’s mobile app or website. The new online booking fee […]

AMC’s Odeon Unveils Expanded Imax Theater Deal Across Europe

AMC Entertainment’s Odeon Cinemas Group has expanded its pact with Imax by setting locations for new giant screens across five European markets. Odeon, one of the oldest exhibitors in the U.K., will upgrade six Imax theaters in the UK with laser projection systems, while also setting locations for nine previously contracted new theaters across Europe. […]

AMC Theatres’ Shareholders Vote Against CEO Adam Aron’s $18.9M Pay Package

In a symbolic move, shareholders of AMC Theatres voted against the pay packages of company officials, including CEO Adam Aron, the exhibition giant disclosed in a filing with the Securities and Exchange Commission on Friday. In a non-binding tally, stock holders with 86,896,550 in shares voted against the compensation paid to AMC’s executive officers, while […]

Is the “Untapped” Market of Saudi Arabia as Attractive to Hollywood Following Movie Bans?

“Where else are you going to find a movie market that literally doesn’t exist today that could be $1 billion in size in five years or so?” It’s been only four years since AMC Theatres CEO Adam Aron made this bold claim about Saudi Arabia, speaking just months after the Kingdom had dramatically revealed that […]

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 Inks Deal With Cinionic to Install Laser Projectors in 3,500 U.S. Auditoriums

In what it describes as its first major broadscale projector upgrade since the transition to digital, AMC Theatres has signed an agreement with Cinionic to install Barco laser projectors in 3,500 of its U.S. auditoriums through 2026. Announced just prior to the start of theater owners confab CinemaCon, which opens Monday in Las Vegas, AMC […]

AMC Theatres Expands U.S. Footprint, Adds 7 Bow Tie Cinema Locations

AMC Theatres is continuing its movie theater acquisition binge by picking up seven former Bow Tie Cinemas locations with 66 screens, the chain said Tuesday. AMC picked up from Bow Tie an 11-screen multiplex in Saratoga Springs, New York, now operating as AMC Saratoga Springs 11; another 16-screen multiplex in Trumbull, Connecticut, rebranded as AMC […]

Regal Owner Cineworld Is “Very, Very Careful” With Movie Ticket Price Increases, CEO Says

Exhibition giant and Regal owner Cineworld is careful and conservative with ticket price increases as audiences continue to return to cinemas after the coronavirus pandemic, CEO Moshe “Mooky” Greidinger said Thursday. Asked about rising costs amid inflation, including for energy and salaries, he told the company’s 2021 earnings conference call that higher ticket prices are […]

AMC Theatres Buying $27.9M Stake in Gold and Silver Mining Company Hycroft

Cinema giant AMC Theatres said Tuesday it was buying a 22 percent stake in gold and silver mining company Hycroft Mining Holding Corp., including its 71,000-acre Hycroft Mine in northern Nevada, for $27. 9 million in cash. Management described the unusual move by the cinema giant, which has made a name for itself as a […]

How Cinemark Is Approaching Dynamic Ticket Pricing

Movie theater giant Cinemark is testing the use of data and analytics to develop new ways of handling ticket prices. “We do believe that there’s an opportunity on the pricing side. We look at that very strategically. We’re looking to leverage data and analysis to get more sophisticated with our pricing over time,” CFO Melissa […]

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 […]