Company
AMC Entertainment Holdings
NYSE:AMC
AMC (NYSE: AMC) is the largest movie exhibition company in the U.S., in Europe and throughout the world with 1,014 theatres and 11,169 screens across the globe. AMC operates among the most productive theatres in the United States’ top markets, having the #1 or #2 market share positions in 22 of the 25 largest metropolitan areas of the United States, including the top three markets (NY, LA, Chicago). Through its Odeon subsidiary AMC operates in 14 European countries and is the #1 theatre chain in Estonia, Finland, Italy, Latvia, Lithuania, Spain, Sweden and UK & Ireland.
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Dow drops 300 points as chip rally fades ahead of Big Tech earnings
A bumper week of Big Tech earnings is on deck
Beyoncé joins in on concert film renaissance
Taylor Swift and Talking Heads are among other artists set to draw big box-office revenues
AMC Entertainment settles in preferred shares row
Ordinary shares slide but preferreds jump as deal confirms their status
AMC Entertainment shares rise on Black Panther: Wakanda Forever's box office success
The hotly-anticipated follow-up to 2018’s Marvel smash hit Black Panther, Wakanda Forever set a domestic box office record for films opening during the month of November with weekend ticket sales of $180 million, and $330 million globally
AMC looks forward to stronger movie box office as Black Adam, Black Panther and Avatar open
Black Adam had “the highest opening weekend box office of all-time for a film starring Dwayne Johnson”
AMC Entertainment faces a disappointing sequel to second-quarter earnings
With shares at pre-meme-rally lows and fewer box office titles in the third quarter, forecasts are tepid
AMC Entertainment narrows losses, thanks to Tom Cruise and food margins
The US’s largest cinema chain announces APE-themed preference shares
AMC Entertainment hails Spiderman and Batman for first-quarter beat
Coming quarters will see cinematic releases including sequels for Top Gun, Jurassic World, Minions, Black Panther and Avatar
Meme stocks rally as AMC chair targets more deals
AMC’s jump was its largest daily percentage movement since last June
US stocks retreat on new inflation fears as oil prices gain strength
At the close, the Dow was down 449 points at 34,359, a loss of 1.3%, while the S&P 500 lost 1.2% at 4,456 and the Nasdaq sank 1.3% at 13,923
AMC Entertainment sparks much head-scratching with gold mine investment
“To state the obvious, one would not normally think that a movie theatre company’s core competency includes gold or silver mining"
Spiderman helps AMC sling into recovery but losses continue
Losses shrunk as AMC chief said the company was "playing on offence again"
AMC reportedly fast-tracking refinance options to pay off hefty debt
Shares have slumped more than 40% since the turn of the year
Archive
FIVE AT FIVE: AMC & NFTs, buzz around BT, Amigo friendless and we decode Amrian’s copper door stopper. Plus, the Footsie’s in rebound mode
Here’s Proactive’s round-up of the day’s news with helpful links taking you our up-to-the-minute news analysis.
AMC hypes shareholders and customers alike as Spider-man tickets and NFT drop crashes websites
Shareholders and paying AMC members qualify for a series of Spider-man NFTs, if they can snap up the first 86,000 ticker preorders for 'No Way Home'.
AMC Entertainment losses smaller than expected as 99% of cinemas open worldwide
“Our financial results continue to improve, but one can see and feel that our industry and our company are on a path of recovery and improvement,” said Aron, CEO of the company
AMC Entertainment has best month since the pandemic out-scared even Halloween
“The domestic industry box office for October 2021 is estimated to come in considerably higher than that of any previous month since February of 2020,” the company told investors.
Halloween Kills box-office confirms cinema lives-on alongside streaming
The twelfth Halloween movie topped the US box office whilst also streaming via Universal's Peakcock Premium platform.
AMC watch: Bond makes strong but not Marvel-ous debut stateside
Daniel Craig's last Bond made a good start in America meanwhile two Marvel IPs passed key box office milestones.
AMC Entertainment's Odeon chain sells a million tickets for latest James Bond film
You can rely on Proactive for up to the minute Bond coverage
AMC Entertainment introduces crypto payment system, including Dogecoin
Chief executive Adam Aron wants to keep crypto lovers close
AMC Entertainment to take Ethereum and Litecoin payments as well as Bitcoin
The Reddit 'meme stock' was again in focus as the cinema operator said it would accept crypto payments later this year.
AMC prospects lifted as Disney's Free Guy beats forecasts on opening weekend
The video-game inspired romp starring Ryan Reynolds collected around US$28.4mln in ticket sales in North America over the weekend, above expectations of around US$20mln
Archive
US stocks close mixed session despite infrastructure bill passage
The Senate’s infrastructure plan, which heads to the US House, includes $550 billion in new spending on transportation and broadband
AMC plans Bitcoin payments as revenues beat forecasts
The movie theatre chain and 'memestock' favourite also reported a smaller than expected loss for its second quarter as it reopened almost all of its cinemas following a relaxation of lockdown restrictions
AMC ticks up amid reports of Odey short position
Odey Fund Management, run by notable hedge fund manager Crispin Odey, has reportedly bet against the cinema chain and 'memestock' favourite following a large fall in its share price over the last five days
Jungle Cruise: Disney’s latest strong opening lifts hopes for AMC and other pandemic-hit cinema chains
The new epic, starring Dwayne Johnson and Emily Blunt, beat expectations at its opening weekend by grossing US$34.2mln at the US domestic box office, as well as raking in around US$30mln through streaming service rentals
BANG vs FAANG: BlackBerry, AMC, Nokia and GameStop take on Big Tech in earnings season
The next two months will see the quartet of stocks favoured by 'memestock' traders on Reddit forum r/wallstreetbets deliver earnings in the wake of the flurry of giant tech names
Don’t write off the AMC and GameStop retail traders, says broker
Analysts at Liberum said the collective of retail share buyers behind a recent spate of market frenzies should be recognised as an “important market participant” whose influence will only grow
Memestock favourite AMC hails record weekend since reopening
The cinema chain reported that last weekend 2mln people in the US had watched films at its locations, the biggest numbers recorded by the firm since closing its branches in March 2020 due to lockdown restrictions
SEC warns it is monitoring AMC and other memestock trading activity following latest rally
The regulator said it is monitoring the market for an signs of manipulation or misconduct after shares in the cinema chain as well as fellow BANG stocks GameStop, BlackBerry and Nokia all surged on Monday
AMC, GameStop and other BANG stocks pop amid renewed surge
Shares in Blackberry, AMC, Nokia and GameStop, all favoured by retail traders in the Reddit forum wallstreetbets, moved into the green in early trading on Wall Street this morning
AMC, GameStop and other Reddit memestock favourites slide as rally loses steam
The cinema chain was down slightly in mid-morning trading in New York following a rapid surge earlier in the week that saw its value almost double
AMC warns Reddit investors be prepared to lose money
Don't invest "unless you are prepared to incur the risk of losing all or a substantial portion of your investment.
AMC Entertainment touches dizzy heights as it offers free popcorn to retail investors
The stock reached record levels as the 'memestock' saga is far from being over
AMC, GameStop and other Reddit 'memestock' favourites set to surge once again
The cinema chain and video game retailer, both favoured by the r/wallstreetbets internet forum, are seeing strong gains in pre-market dealings alongside other retail trader favourites Koss and BlackBerry
AMC investor nets swift profit following latest Reddit memestock trading frenzy
Hedge fund Mudrick Capital has reportedly netted a US$25mln profit from Tuesday's surge in the price of the cinema chain after quickly buying and selling off around 8.5mln shares in the company
AMC Entertainment soars again as Reddit raiders squeeze short sellers
Shares in the owner of the Odeon cinema chain were up over 20% in early deals on Wall Street as retail traders piled into the stock once again
AMC rockets as it becomes latest beneficiary of GameStop short squeeze
Shares in the cinema chain soared over 200% on Wall Street on Wednesday morning
AMC Entertainment secures lifeline investment but bankruptcy risk still looms
The US cinema operator, which owns the UK Odeon chain, said it has received US$100mln from private equity group Mudrick Capital, but will require at least US$750mln of additional cash to avoid going bust in 2021