AMC Theatres
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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Box Office Forecast Takes Hit Amid Release Date Delays During Strikes
With the Hollywood writers and actors strikes having been resolved and studios having delayed some key releases, how will the box office be affected? Exhibition stocks analyst Eric Wold of B. Riley took a stab at answering the question, adjusting his forecasts in a Tuesday report. He reduced his 2024 industry box office projection “given […]
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AMC Theatres CEO: There Will Be “Much Collateral Damage” From Hollywood Strikes
AMC Theatres swung to a third-quarter profit on sharply higher overall revenues as the mega-exhibitor had Barbie and Oppenheimer on its screens through the summer and continues to benefit from an industrywide box office recovery. AMC posted net earnings at $12.3 million, compared to a year-earlier loss of $226.9 million, as revenue rose 45 percent […]
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Christopher Nolan Says Hollywood Studios Missed Out by Not Releasing Taylor Swift’s ‘Eras Tour’
Christopher Nolan said Hollywood studios missed out by not releasing Taylor Swift’s concert film, Taylor Swift: The Eras Tour, since she distributed it directly through AMC Theatres. During a recent discussion at a City University of New York event, the Oppenheimer filmmaker noted how the pop star bypassed studios and teamed directly with AMC Theatres […]
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Taylor Swift Box Office: Lessons Learned From ‘Eras Tour’ Rollout Stumbles
There probably isn’t a top director or star who doesn’t envy Taylor Swift for doing an end-run around the Hollywood studio system and teaming directly with AMC Theatres to bring her new concert movie to the big screen. That way, she could be in the driver’s seat, versus having a studio or indie distributor tell […]
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